You can add as many of these asset accounts as you need.
Use this type of account to track what your customers owe your company.
QuickBooks sets up an accounts receivable account when you enter your first
invoice. You can add additional accounts receivable accounts to your chart of
accounts as necessary.
Use this type of account to track a checking, savings, or money market account.
Use to track your company's fixed assets (normally assets your company
holds for more than one year).
These might include things like buildings, vehicles, or computers. Fixed
assets often wear out or become obsolete. If you want to track depreciation,
use fixed asset accounts.
The account includes subaccounts such as Original Cost and Depreciation.
Use this to track other fixed assets.
Use this type of account to track current assets that are not receivables
or bank accounts, but which you plan to convert into cash or use up within
one year. Examples of what you can track with an other current asset account
include inventory, treasury bills, certificates of deposit, cash investments
like stocks, prepaid expenses, prepaid deposits, reimbursable expenses,
and notes receivable (if due within one year).
Asset accounts you start with
Adding new accounts