New Company Setup
I have never used QB before, I am in the process of setting up a new company and it gives you so many choices for COA - I have chosen one that represents the companies opererations and found that it has no salary accounts set up. ie: Tax/NI control account (liability) salary and NI expense accounts.
Is this correct and do I have to just add these in as the expense occurs.....all help appreciated.
It's a cleaner procedure to add them before the expense occurs. Sounds like you may consider some professional help here.
I am setting them up as I go along, but as ling as I know that they should not be there in the first place I am all good to go.
For a cleaner COA, I suggest printing the list - then mark those not needed & delete (or mark inactive) those you don't need and add those you need at one time. This helps when entering data in general and helps ensure transactions aren't posted to incorrect accts. which shouldn't be there.
Please mark solved or ask more questions. Thanks.
