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How do I set up a sub account under an equipment category

 
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QuickBooks Team

How do I set up a sub account under an equipment category

Hi there,

 

In QuickBooks Online, you can create subaccounts to break down your expenses, income, and more into greater detail. For example, you can divide your utilities account into subaccounts, so you can track different types of utility payments, like gas, telephone, water, and so on.

 

You can create subaccounts of any main (or “parent”) account.  I'll be happy to show you how to do this on your end.

 

Create a new subaccount

 

Follow the steps below to add a subaccount under an existing account. You can also create a new parent account first if you need to.

  1. Go to Settings ⚙ and select Chart of Accounts.
  2. Select New
  3. Select the account type and detail type. You can learn more about account types and detail types if you have questions.
  4. Select Is sub-account and then enter the parent account.
  5. Give your new subaccount a name. You can also add a description.
  6. For the as of date, tell QuickBooks when you want your account to start. Then add the Balance in the account as of the date you choose.
  7. Select a Default Tax CodeNote: Only some account types need this, like bank, credit card, asset, and liability. If you need help, you can learn more about opening balances.
  8. Select Save and Close.

Change an existing account into a subaccount

 

You can turn an existing account into a subaccount.

  1. Go to Settings ⚙ and select Chart of Accounts.
  2. Find the account and select the small arrow ▼ in the action column. Then select Edit.
  3. Select Is sub-account and then enter the parent account.
  4. Select Save and Close.

Give this a try and if you have questions, I recommend contacting our support team using this link.