Adding sub accounts

cubelab · ‎July 01, 2020

I have a main bank account but it allows me to have pots or what they call 'spaces' which allow me to transfer money to. I use these spaces for example - 'Vat', 'Tax', 'Savings'.

This allows me to move money away from the main account so I don't spend it! How can I manage that in Quickbooks, please?

I can't seem to add another account without going through the process of linking up the account online and I don't want to do that as I've already linked the main account.

Thanks in advance.

John C · ‎July 01, 2020

Hi cubelab

You would have to create an asset account, from within the chart of accounts, and allocate/enter the account in the category field when the amounts appear in the for review section. To create the asset account select accounting > chart of accounts > New > in the account type field select current assets > in the detail type select other current assets > Name the account in the Name field > save and close.

View solution in original post

John C · ‎July 01, 2020

Hi cubelab

You would have to create an asset account, from within the chart of accounts, and allocate/enter the account in the category field when the amounts appear in the for review section. To create the asset account select accounting > chart of accounts > New > in the account type field select current assets > in the detail type select other current assets > Name the account in the Name field > save and close.

cubelab · ‎July 01, 2020

Worked perfectly, thank you!

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Adding sub accounts