QuickBooks can be used for Insurance Offices accounting FAQS

• In what way to Understand QuickBooks Expense Accounts?

1. In what way to Understand QuickBooks Expense Accounts?

You have to understand the concept of double-entry accounting to understand QuickBooks expense accounts. Each transaction that you enter into QuickBooks affects two different accounts, containing an expense account. You also have to understand the kinds of expenses that you will be entering. QuickBooks has numerous different types of expense accounts that are automatically created when you begin creating your company file. These are found in the Chart of Accounts.