QB Issue Resolution:

In the US (this is a US question), let’s start with the Tax form your entity files; this is your reference for the Chart of Accounts. That is the name of that Listing and that is Yours to control. The program is a Starter set.

Your selections are Balance Sheet accounts, then Income accounts, then Expense accounts.

You also seem to have Subaccounts; try not to micro-manage the chart of accounts. The best guidance is, “You cannot report what you are not tracking” which applies to your need for 1040 Sched C, 1065, 1120 or 1120S for your Entity type.

In the US, we have Customers = Accounts Receivable (they will pay you later and you will be receiving those funds) and we have Vendors = Accounts Payable (you will be paying them later). We don’t use Debtors and Creditors terminology.

I will attach my classroom and Board Accounting handout for your reference of Accounts and their names and meanings.


Resolution for Issue 'Is someone able to provide more clarity on how the list of expenses is being organized? Here’s what I mean: http://screencast-o-matic.com/watch/cD1bDViYYd' available: Yes (Solved).
Source: Intuit Community forum.

Is someone able to provide more clarity on how the list of expenses is being organized? Here’s what I mean: http://screencast-o-matic.com/watch/cD1bDViYYd: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for 1040 Sched C
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!

Error Recovery for 1040 Sched C [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.

Get 50% off Quickbooks Online

Click Here for 50% off!

Additional Support Options: