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nancydeemiller-g
Level 1

I need to setup a new Liability Account in QB Online. Can't figure out how to do that.

New Liability account setup
2 Comments 2
ReymondO
QuickBooks Team

I need to setup a new Liability Account in QB Online. Can't figure out how to do that.

Hi there, @nancydeemiller-g.

 

Let me help you create a new liability account in QuickBooks Online. All you have to do is follow these steps:

 

1. Go to the Gear icon.

2. Under Your Company, select Chart of Accounts.

3. Click New.

4. Enter all the information needed.

5. Select Save and Close.

chart of accounts.PNG

Before doing these steps, I recommend consulting with an accounting professional so you can receive the best legal advice for your business.


Moreover, you can find more information about the Chart of Accounts in this video: Understanding COA

 

Keep me posted if you need anything else or if you have other questions about managing a user in QuickBooks. I'll be here to help. Have a great day ahead. 

ReymondO
QuickBooks Team

I need to setup a new Liability Account in QB Online. Can't figure out how to do that.

Hi there, @nancydeemiller-g.

Hope you’re doing great. I wanted to see how everything is going about setting up a liability account concern you had the other day. Was it resolved?

Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

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