Question
Please help me update my chart of accounts from a service company to a MANUFACTURING COMPANY. To convert your QuickBooks service company's accounting system to
Please help me update my chart of accounts from a service company to a MANUFACTURING COMPANY.
To convert your QuickBooks service company's accounting system to that used by a manufacturing company, you will need to create eight new General Ledger accounts. ***How would I create the eight new General Ledger accounts to convert to a manufacturing company? I posted a copy of my current chart of accounts.**
Those accounts are:
- Raw Materials Inventory
- Work in Process Inventory
- Finished Goods Inventory
- Wages Payable
- Factory Overhead
- Sales Revenue
- Cost of Goods Sold
- Selling and Administrative Expenses
What would I enter for the "Account Type," "Detail Type," and "Name" for each of the new General Ledger accounts IN RELATION TO A MANUFACTURING COMPANY?
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