Chart of Accounts - Account Number Arbitrary?

- R
- Robert G. Hoover
  
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posted
16 years ago

Thu, Apr 17, 2008 4:45 PM

Are the label Numbers for each account arbitrary in the Chart of Accounts? For example, QB provides these by default...

15000 - Furniture and Equipment 17000 - Accumulated Depreciation 24000 - Payroll Liabilities 25500 - Sales Tax Payable 30000 - Opening Balance Equity ... 47900 - Sales ... 51100 - Freight and Shipping Costs ... 66000 - Payroll Expenses ... 68100 - Telephone Expenses 68400 - Travel Expenses 68600 - Utilities 80000 - Ask My Accountant 90000 - Estimates

Is this a known CPA labeling/numbering convention? Or are these numbers completely arbitrary?

Thanks!

Rob

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- Q
- QBConsultant
  
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Vote on answer
posted
16 years ago

Fri, Apr 18, 2008 12:38 AM

- R
- Robert G. Hoover
  
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Vote on answer
posted
15 years ago

Wed, Apr 23, 2008 8:16 PM

Thanks Michelle... your secret is safe with me.... :D

I just want to set up my accounting so that our CPA will be familiar with the numbering scheme. It sounds like I'm on the right track... :)

QBC> >> Are the label Numbers for each account arbitrary in the Chart of

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