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- Bank accounts (checking, savings, and money market). Use these to track your checking accounts, savings accounts, and money market accounts. You can print checks from these types of accounts.
- Cash accounts. Use this to track your cash on hand.
- Asset accounts. Use these to track the value of an asset such as a home or car. For a business, use asset accounts to track your capital equipment or accounts receivable.
- Brokerage accounts (529, brokerage, trust, UGMA). Use these to track multiple investments in a single account.
- Retirement accounts (401(k), 403(b), IRA, KEOGH, SEP, or SIMPLE). Use these to track your retirement accounts.
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- Credit card and line of credit accounts. Use these to track your credit cards, lines of credit, and equity lines.
- Liability accounts. Use these to track something you owe, such as a mortgage or car loan. For a business, use liability accounts to track accrued liabilities or accounts payable.
Related topics
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