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Everything You Need to Know About Managing a Chart of Accounts in 2023 Everything You Need to Know About Managing a Chart of Accounts in 2023

Everything You Need to Know About Managing a Chart of Accounts in 2023 - PowerPoint Presentation

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Uploaded On 2023-09-22

Everything You Need to Know About Managing a Chart of Accounts in 2023 - PPT Presentation

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EVERYTHING YOU NEED TO KNOW ABOUT MANAGING A CHART OF ACCOUNTS IN 2023

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Slide2

ESSENTIAL THINGS TO KNOW

Chart of Accounts organizes financial transactions systematically

Debits and Credits are essential, affecting different account types.

Accounts are usually listed as Assets, Revenue, Equity, Liabilities, and Expenses.

QuickBooks helps manage the Chart of Accounts efficiently.

Balance sheet accounts follow the order: Current Assets, Fixed Assets, Current Liabilities, Long-Term Liabilities, and Equity.

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Slide3

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Everything You Need to Know About Managing a Chart of Accounts in 2023