Isn't there a generic chart of accounts for nonprofits?

I just set up our nonprofit organization with QB online. Isn't there a generic chart of accounts specifically for nonprofits that I can use and modify? I'm new to nonprofit accounting and wanted a standard chart of accounts.

Answer

Hi there, Mcarfley,

I'm pleased to share what I know about the QuickBooks Online Chart of Accounts.

Our system will automatically generate defaults accounts based on the industry or business type you have selected during the company setup. You can view the accounts created for your organization type by clicking the QBO Gear icon and selecting Chart of Accounts.

You can also add additional accounts or sub-accounts in your Chart of Accounts. Check out this article to know more about creating accounts in QBO: https://community.intuit.com/articles/1145793

We would always recommend consulting an accounting professional, to get legal and accounting advise when creating accounts that work best for your industry.

Please feel free to let me know if you have any more concerns with the QBO chart of accounts. I'm here to further assist you.

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IntuitJenelyn , Community Support Specialist
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