Nonprofit help - Accounting for Current portion of pledges receivable

Hello lroth,

I’m here to share how adding a sub-account works in QuickBooks Online (QBO).

When adding a sub-account, the parent account must be the same category type. For example, if the sub-account is Other Current Assets account, the parent must also be an Other Current Assets account.

Here’s how to add a sub-account:

1. Go to Accounting on the left pane.
2. Click the New button at the top, then enter the needed details for the sub-account.
3. Check the box next to Is sub-account.
4. Select the parent account.
5. Click Save and Close.

You can also take a look at this article for reference: How do I create a new account or subaccount in QuickBooks?

There you have it. I’d be glad to help if you have further questions while working in QBO. Enjoy your weekend.

I know how to setup subaccounts. Can anyone make a suggestion for best practices for setting up Current Portion of Long Term Pledges Receivable?