![]() ![]() ![]() If you’re curious about my reasoning for thinking QBO isn’t set up properly by default, I wrote a deep dive into it here. Here are the few I’ll be referencing.Ĭhart of Accounts: the way you organize your financial transactionsįunctional accounts: making individual accounts to record your costs by teamĪccount classes: a way to categorize your transactions in QuickBooks I’ll walk you through how to set it up so that when you want to calculate metrics or analyze trends, you can have confidence in the data.īefore we get into it, as a new QBO user, the terms in this guide might be confusing. Sadly, unless you have some deep finance knowledge, its set up doesn’t produce a Chart of Accounts that is right for SaaS. Quickbooks (QBO) is a powerful tool for any software company that is just starting out or in its early years.
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