Set up advanced account settings in QuickBooks Online

The Advanced account settings is where you or your accountant initially set up your company file.

Set up Advanced account settings

1. Go to Settings , then select Account and settings.
2. From the left menu, select Advanced.
3. Select the Pencil ✎ icon for each section below to modify your settings.

Preferences for Advanced account settings

Choose preferences accordingly:

Accounting:

• Set up the fiscal year and set the closing date.
• Specify your accounting method.

Company Type: Select the type of tax form your company uses.

Chart of Accounts: Enable or disable use of account numbers.

Categories: Add "class" and "location" fields on your forms.

Automation:

• Pre-fill forms.
• Automatically apply debits and credits.

Projects: Select if you want to use the Projects feature to see all sales, expenses and timesheets by project.

Time Tracking: Specify defaults for timesheets, such as adding fields and first day of work week to display.

Currency (Essentials and Plus Only): Select if you accept transactions in foreign currencies.

Other Preferences:

• Date and number format.
• Customer label (how you refer to your customers — as clients, patients, members, etc).
• Warnings about duplicate transaction numbers.
• Waiting time before you're automatically signed out of QuickBooks Online.

You now know how to set up your Advanced account settings.