QB Issue Resolution:

As I pointed out, for the Company File, just select whatever seems close. You will be modifying it.

The best reference for your Chart of Accounts is the Tax Forms your entity files. You cannot report what you are not tracking. A Sole Proprietorship has different needs than an S Corp.

Beyond that, this program relies on ITEMS. You will be setting up and using Items for a lot of the activities, and for all the Sales activities.

“which industry type was best for leasing with inventory”

Inventory is not your Leasing stock. Those will be different Assets. And Inventory in your business means the Inventory Items will be unique and not reused, unless you really do buy two or more of the exact same vehicle.

So, you will have inventory Items, for Selling. You will use Noninventory items for the Leasing. You will use Service Items and other charge items, for instance, for the Loan processing and payment management purposes.

There is no “canned” set up for this. You set it up to meet your needs.

Resolution for Issue 'Which Industry specific should I use for auto leasing business?' available: Yes (Solved).
Source: Intuit Community forum.

Which Industry specific should I use for auto leasing business?: 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.

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