Organizing Your Chart of Accounts

Asian Business Woman Analyzing the Growth of Her Business

When you think about it, managing your Chart of Accounts is a lot like playing Jenga. When you take out a section in your business, you have to add it back in another place in order to keep the balance between your assets and liabilities. Having full control of your Chart of Accounts allows you to monitor your equity, so you have a clear, positive line of growth in your books.

Breaking Down the Chart of Accounts

It’s easy to take control of your Chart of Accounts, but if you don’t know what it is, that could be a problem. Your Chart of Accounts is divided into 4 sections: assets, liabilities, income and expenses. The good parts are assets and income. You definitely want a high margin of assets and income compared to what you owe in liabilities and expenses. Having a higher margin equals out to a higher equity, meaning your business is heading in the right direction.

Using QuickBooks Online

Deli Worker Using QuickBooks Online

Using QuickBooks Online for your accounting needs is critical for any business, no matter how big or small. Not only does using the software allow you to save time and money, it provides you quick and detailed information in minutes. Integrating QuickBooks Online with your business is just a step towards improving your business as a whole.

Here’s why QuickBooks Online is Perfect for your Business –

Manage Your Entire Business – Integrating QuickBooks Online allows you to take full control of your store right there! Be able to control the cost of goods, track the amount sold, fill out your invoice book, adjust stocks and more. QuickBooks Online makes manage everything about your business a lot easier, with only a few clicks. This is very welcoming especially in the life of a small business.

Join us for our Business After Hours Mixer on Nov 17, 2016!

Join Lucia & Co on November 17th for our Business After Hours Mixer!




The event will be on Thursday November 17 from 5:00pm – 7:00pm at our offices located at:

Lucia & Co
1887 Business Center Drive Suite 4A
San Bernardino, CA 92408

We welcome you to come join us for an evening of networking accompanied with beverages & hors d’oeuvres!

 $5 Cover Charge

Please RSVP to (909) 885-7515

Testimonials

  • "Working with Lucia & Company has been really great and has really helped our company. Lori is wonderful and we are very thankful for her services! Thank you, guys!"

    - Mark L.
  • "I have used Lucia and company for over 15 years.  They are excellent."

    - Lonno G.
  • "Lauri and her team are very professional, and knowledgeable when it comes our accounting needs.  In addition, they go above and beyond for our business/personal tax services. "

    - Darren L.
  • "This team has been taking care of my needs both professionally and personally for 30 years. They are professional and competent. I strongly recommend them."

    - Adam H.
  • "If you need an accountant, help with quickbooks, or advice on setting up your books, this is the firm to go to.  Laurie and her staff are quick and thorough -- they go above and beyond the call of service."

    - Jacki E.

Office Directions

San Bernardino Office

1887 Business Center Dr. Suite #4A
San Bernardino, CA 92408

Riverside Office

(By Appointment Only)
3576 Arlington Ave #200
Riverside, CA 92506

(800) 614-0139


1887 Business Center Dr. Suite #4A, San Bernardino, CA 92408 (800) 381-4132
Copyright © 2016 Lucia & Company CPA's
Web Design by ACU Web