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Understanding the 4 Main Account Types in QuickBooks<br>QuickBooks helps organize financial data through four main account types. Each type plays a unique role in tracking your business finances. Learning these categories is vital to managing and reporting finances accurately.<br>Assets<br>Your businessu2019s assets include everything that has monetary value.<br>QuickBooks splits these into categories such as fixed assets (buildings, vehicles, equipment) and current assets (cash, inventory).<br>The system creates two subaccounts when you set up asset accounts. One tracks the original cost, while another monitors

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