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Chart of Accounts

With most of the basic information submitted now quickbooks will be setting up your chart of accounts in the following steps.

This screen asks for the beginning date of your books of accounts to be maintained in quickbooks. The normal choice would be the beginning of the present fiscal year or the year from which you want to start tracking your finances. In this case, you would be needed to enter the transactions of the entire year upto the current date. Only then will your accounts be complete. There is the option of also selecting your own date to start from. You would then be required to enter transactions from that date onwards.
We will select the option " Beginning of this fiscal year "