The Chart of Accounts in itself is a list of the assets, liabilities, equity, income and expense accounts to which you assign the daily transactions.
Chart of Accounts List is amongst the several methods available to track and report your accounting data to review your business ’s financial position. It is pretty easy to set up a Chart of Accounts on the hand what is difficult at times is efficiently managing the available list types in it.
COA list is a critical list in QuickBooks as it keeps your financial information organized. It enables timely recording of the financial transactions keeping the records up to date. Let’s view how to re-sort this critical list
Disclaimer: This list can be re-sorted pretty quickly. However, do keep in mind that QuickBooks re-sorts lists picking the first three digits of the item or Account number. Therefore, in case you have multiple accounts or items listed the COA or Item list might be out of order numerically.