I'm trying to learn the correct terminology for the place where I see ALL the "accounts" AND their balances in an accounting app.
I use QuickBooks and if I want to see all of this, I click "Chart of Accounts" which includes all accounts used in my books to manage my company's finances i.e. asset, liability, expense accounts, etc.
If I'm not mistaken though, "Chart of Accounts" doesn't always include balances. I think it's usually just a list of all the accounts in a particular organization's books. Or am I wrong about this? Does a "Chart of Accounts" always have account balances as well?
If "Chart of Accounts" is not the correct terminology, what is the name of the list that shows all the accounts AND their balances?
I don't think it's the balance sheet because that doesn't show ALL the accounts. I think the balance sheet is more of a bird's eye view that shows the big picture including assets, liabilities, etc. but I don't think it shows all the accounts.
Anyway, I'd appreciate some help getting my terminology right. Thanks.