Effective Use of Subaccounts inthe chart of Accounts

Thanks for allowing us to help you regarding the subaccounts in the Chart of Accounts in QuickBooks Online (QBO), @Rozmore13.

In QBO, a subaccount allows you to break down an account into smaller accounts to track detailed income, expenses, and other account types. It is a helpful way to add more specificity to your financial reporting and ensure accurate tracking of different types of transactions. Also, note that you can create up to five subaccounts under one parent account in QBO.To get started in creating a subaccount, you can follow the steps below on how:

1. In Settings, click Chart of Accounts.
2. Choose New. On the account view, you'll see either a New account or an Account panel.

To proceed with the detailed steps, I recommend visiting this link as your guide: Create subaccounts in your chart of accounts in QuickBooks Online.

Moreover, use this article to have a reference in understanding more regarding your accounts in QBO:

• Change the type of an existing parent account or subaccount in QuickBooks Online
• Import your chart of accounts to QuickBooks Online

If you still have more questions about subaccounts in QBO, don't hesitate to reply. I'll be more than happy to accommodate you. Have a good one!