Hello userjaninanyke,
QuickBooks Online makes it fun and intuitive to run your business. Knowing the difference between type/details/payee helps you set up your account in a way which suits your business needs. I'll be glad to share more information so you can immerse yourself in the awesome features offered by the program.
Depending on where you're seeing this info in QuickBooks, the person who's been paid or is to be paid can be referred to as a Payee. This can also be the credit card issuer. The detail/type can be related to your Chart of Accounts. Setting up the correct detail/type helps with running detailed reports which give you visual insights on how your business in doing. Detail types give more info about what you can track with each account type. They make it easy to create accounts that fit the types of transactions you record in QuickBooks.
Account types are the accounting components that tell QuickBooks Online how transactions hit your books.
Detail types don’t have this impact on your books, but they play an important role. Their job is to help you select and name accounts more appropriately. So when you run reports like profit and loss, you know exactly what’s making money and what you’re spending it on. I encourage you to learn more about this by referencing this informative article: Learn about account detail types on the chart of accounts.
To make sure we're on the same page, could you elaborate more on your question about subaccounts and reports? You're more than welcome to ask questions by leaving a comment below. I'm here to help.
