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Set up advanced account settings in QuickBooks Online

SOLVEDby QuickBooks193Updated 3 weeks ago

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

Note: Advanced account settings vary by region.

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:


  • 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.


  • 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.

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