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QBO Video Courses

Chart of Accounts in QBO

For someone else
Alicia Katz Pollock
For someone else
Purchase for $74 or enter access code

Learn to set up your QuickBooks Chart of Accounts according to accounting principles: bookkeeping terms, general ledger, Balance Sheet, and P&L statements.

(Click the video above to watch the course spotlight video - 2 mins)


QuickBooks Chart of Accounts Course Description

The QuickBooks® Chart of Accounts structures your business according to accounting principles. Your general ledger includes assets, liabilities, equity, income, and expenses. Take this class to learn bookkeeping terms like Accounts Receivable and Accounts Payable. By the end of this course, you’ll know how to read a Balance Sheet and a Profit and Loss report, as well as how to structure your Chart of Accounts so it supports your unique business workflow.

Your Chart of Accounts is the backbone of your business. It has two functions: outlining what the IRS wants to see for taxes, and allowing you to generate your P&L and Balance Sheet reports. There are industry-standard accounts you need, but you also have the flexibility to create accounts that reflect your unique circumstances. It’s impossible to start using QuickBooks® without customizing your Chart of Accounts. This class will explain the fundamentals.

 After completing this course, you will be able to: 

  • Identify the main account types
  • Modify the default Chart of Accounts
  • Manipulate the Chart of Accounts to populate your Profit & Loss and Balance Sheet reports


You’ll learn about

  • The function of the Chart of Accounts
  • Creating new accounts and editing existing accounts
  • Equity accounts
  • Liability accounts
  • Asset accounts
  • Bank accounts
  • Credit card accounts
  • Income accounts
  • Cost of Goods accounts
  • Expense accounts
  • Other Income accounts
  • Other Expense accounts
  • Accounts Receivable
  • Accounts Payable
  • Undeposited Funds
  • Understanding a Profit and Loss Statement 
  • Understanding a Balance Sheet


Instructional Level


Course Length

2 hours

Course Credits

2 CPE, Certificate of Completion

Field of Study

Computer Software & Applications

Delivery Method

QAS/Self Study

Who should take this class?

  • Business owners and employees who want to understand the “business behind business”
  • Students and job-seekers will boost their employment marketability
  • Entrepreneurs and new business owners who are just getting started, and want to make sure they have solid business knowledge so that they can succeed
  • Bookkeepers and Accountants who wish to brush up on their skills.


    Want A Sneak Peak?

    Watch a 10-minute preview to see if this course is right for your situation.

    (Click the video above to watch a 10 min. sample of this class)


    Other learners purchased these courses after completing this class:  



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    Refunds & Cancellations

    Please view our Terms of Service, for information on refunds, cancellations, and complaint resolution. To request a refund, please contact us.


    Royalwise Solutions Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:






    Course Credits: 2 CPE, Certificate of Completion. Must be awarded within one year of enrollment.

    Course Updated: July 2022

    Here is the course outline:

    1. Download the Handout

    Click the links below for instructions.

    Download the handout here
    Glossary of Terms

    2. Watch the Videos: QBO Chart of Accounts 2022

    This is the recording of the class you attended. Watch and rewatch it until it all makes sense!

    Intro to COA (Chart of Accounts) and Agenda
    Biz View vs Accountant View
    What is the COA?
    How the COA Affects Reports
    Customizing Your COA
    Conclusion - What's Next?
    Review Questions: QBO The Chart of Accounts

    3. Take the Quiz

    Take this quiz to demonstrate your mastery of the material. Pass the quiz with an 80% or higher to complete the Course, earn your Certificate, and win points!

    Quiz: QBO The Chart of Accounts
    Evaluation & Participation Survey


    The following certificates are awarded when the course is completed:

    Royalwise CPE Certificate
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