Quicklabs - Chart of Accounts Checklist

QuickLabs
14515 NE 67th Court
Redmond, WA 98052
Tel 800-253-2481
Fax(425) 883-1230
Email info@quicklabs.com

• Introduction

•	Index & Links

• Reports
	-P&L and Balance Sheet -Chart of Accounts

• Data Files

• Managing Accounts

• Sub Accounts

• Deleting Accounts

• Review

• Feedback

Chart of Accounts Checklist

1	Do you need to condense your file?	7
2	Have you verified your data?	8
3	Are the account numbers turned off?*	9
4	Do the accounts appear in the order you would like?*	10
5	Do you see unused accounts or redundant accounts?	12
6	Are upper and lower case consistent?*	13
7	Are associated accounts grouped together as subaccounts?*	15
8	Do you see a parent account with only one subaccount? *	16
9	Are subaccount names visible? *	17
10	Do your accounts have unique names to make data entry easier?	18
11	Do you see more than one name for the same account?*	19
12	Do you see accounts with similar transactions that can be merged?	20
13	Do you see accounts with small amounts that can be consolidated into larger ones*	22
14	Are the account names meaningful to you?*	23
15	Do you see credit cards listed as expense accounts?*	24
16	Do you see "Miscellaneous income" accounts?*	25
17	Do you see "Uncategorized income" accounts?*	26
18	Do you see "Miscellaneous expense" accounts?*	27
19	Do you see "Uncategorized expense" accounts?*	28
20	Do you see vendor names on your Chart of Accounts?*	29
21	Do you see unused accounts or redundant accounts?	30

	* These activities are also listed on the Profit and Loss and Balance Sheet report checklist