QuickBooks creates a Chart of Accounts for your company based on:
A)Company address
B)Industry type
C)Your Federal ID Tax number
D)None of the above

Question

Quizplus · Accepted Answer

QuickBooks creates a Chart of Accounts for your company based on the industry type you select during the setup process. The software uses the information about your industry to tailor the Chart of Accounts to better fit the common financial recording needs of your specific business. This helps ensure that the accounts are relevant for reporting and tracking your company's financial activities. Company address and Federal ID Tax number do not determine the structure of the Chart of Accounts in QuickBooks.

QuickBooks Creates a Chart of Accounts for Your Company Based