Are you ready to learn how to set up your Sub Accounts in QuickBooks?
Remember your Chart of Accounts reflects directly on your reports.
Think about what you want to see in order to manage and grow your business. 😊
Remember: Chart of Accounts & Reports are Linked Together
- Go up to “Lists”
- “Chart of Accounts”
- Go down to “Account”
You can…
- New
- Edit Account
- Delete Account
- Make Account Inactive
**It has to be the same type to make it a subcategory of the main category
Creating Sub Account
- Go up to “Lists”
- “Chart of Accounts”
- Go down to “Account”
- “New”
- Choose type of category
- Click “Continue”
- “Account Name”
- Checkmark “Subaccount of” **If it’s a subcategory
- Choose your main category
- Click “Save & Close”
If you’re curious about “merging,” here’s a how-to video for you: https://canduskampfer.com/how-to-merge-vendors-with-similar-names/
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Have an amazing day!
I have been trying to locate documentation on handle the recording of multiple credit card transactions in QB desktop. For example, we have one large credit card account but 20 plus sub-accounts for employee expense account activities. How do we record and make payments for these type of charge cards yet still be able to reconcile them to the one large bill?
Normally you create the main account and then sub account for each credit card.
I know how to create the sub-account but I do not know if I pay this charge card as a Vendor or within the charge card account under banking? Is there something more detailed that I could read up on this subject? Some directions that will show me from start to finish. set up, recording the bills, reconciling, and paying the bills. Do you handle this type of Credit Card differently then a normal business CC?
If you want to learn how to handle credit cards. You can look into Credit Card Workshop. https://canduskampfer.com/courses/