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Question

Theo Needs to enter a new income acount into quickbooks what list should he use

Asked By SilverShadow77 at

Answered By Expert

Craig

Expert · 1.0k answers · 1k people helped

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Solution By Steps

Step 1: Identify the Correct List

Theo should use the “Chart of Accounts” list in QuickBooks to add a new income account.

Step 2: Navigate to the Chart of Accounts

In QuickBooks, Theo can find the Chart of Accounts by going to the “Lists” menu and selecting “Chart of Accounts.”

Step 3: Add a New Account

Once in the Chart of Accounts, Theo can click on the “Account” menu and select “New” to add a new account. He should choose the type of account as “Income” or “Other Income” depending on the nature of the income.

Step 4: Fill in Account Details

Theo needs to fill in the necessary details such as the account name, description, and any other relevant information.

Step 5: Save the New Account

After filling in the details, Theo should save the new account by clicking the “Save and Close” button.

Final Answer

Theo should use the “Chart of Accounts” list in QuickBooks to add a new income account. He navigates to this list, adds a new account, fills in the details, and saves it.

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