@Anonymous
@Anonymous wrote:
Also recommend doing sub-accounts so you can consolidate broader totals quickly. They give you more flexibility when running reports because you can easily separate data (if you need to).
Example:
Income (general)
- Income Widget a
- Income Widget b
- Income Widget c
- (in the future as you grow, you can create subs of subs as well!)
You can certainly do it that way, of course it does make your chart of accounts really long, even if the company only sells 20 or 30 items
But why not just put all sales income in one account, and use the reporting functions built in to QB, sales by customer, sales by item, etc
