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How do I set my Advanced company settings?

The Advanced Company Settings is where you or your accountant initially set up your company file.

Note: Advanced company settings vary by region.

How to set your Advanced company settings

  1. Select the Gear icon on the Toolbar, then Account and Settings (or Company Settings).
  2. From the left menu, select Advanced.
  3. Select the Pencil icon for each section below to modify your settings.

Preferences for Advanced company settings

Choose preferences accordingly:


  • Set up the fiscal year and set the closing date.
  • Specify your accounting method.

Company Type:  Select the type of tax form your company uses.

Chart of Account: Enable or disable use of account numbers.

Categories: Add "class" and "location" fields on your forms.


  • Pre-fill forms.
  • Automatically apply debits and credits.

Projects: Project features to see all sales, expenses, and timesheets by project.

Time tracking:  Specify defaults for timesheets, such as adding fields and first day of work week to display

Language: Specify if you wish to use the product in English or French.

Currency (Essentials and Plus Only):  Select if you accept transactions in foreign currencies.

Other preferences:

  • Date and number format.
  • Warnings about duplicate transaction numbers.
  • Waiting time before you're automatically signed out of QuickBooks Online.

You now know how to set up your Advanced company settings.