CHS Seminar Lesson 15 - What Your CPA Needs To Know About CHS Accounting

We’d like to help you tell your outside CPA or accountant that they don't need to "know" CHS in order to help you with your accounting questions or to do your tax returns. The video below demonstrates to the CPA that CHS is really a basic accounting program using a Chart Of Accounts and records transactions that are based on debits and credits. CHS produces general ledgers, and financial statements for company, job, or department. For some understanding of financial statements for the owner, the video includes Carol's tips for a way to think about debits and credits in order to remember which accounts are normally debit or normally credit accounts by thinking of the company as separate from the owner or owners in order to accomplish this.