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EData Deskbook Morgan, Lewis & Bockius Form

EData Deskbook Morgan, Lewis & Bockius Form

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hi folks I'm Hector Garcia CPA and advanced QuickBooks ProAdvisor and in this video we're gonna talk about the standard chart of accounts and their account numbers now there's a general myth out there most small business owners even accountants you in the profession is that there is one standard chart of accounts that works for all businesses or that every business should have a very specific chart of accounts that's actually not true I worked with thousands of companies over the years and I would say that probably it's accurate to say that every single one had an entirely different chart of accounts now granted most of them were a mess and we had to clean them up and we had to get them to standards but they're not they don't all look the same however there's a specific set of standards in which they do have to follow a specific structure and that's what we're gonna be talking about today also we're gonna do some examples using QuickBooks because I actually have a chart of accounts th

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