Set up advanced account settings in QuickBooks Online
by Intuit•5• Updated 1 month 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
- Go to Settings , then select Account and settings.
- From the left menu, select Advanced.
- 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, tax year and set the closing date.
- Specify your accounting method.
- Set up Default tax rate selection.
Company type: Select the type of tax form your company uses.
Chart of accounts: Enable or disable use of account numbers. Set up Shipping account, Discount account, Markup income account & Billable expense income account.
Categories: Add "class" and "location" fields on your forms.
Automation:
- Pre-fill forms.
- Automatically apply debits and credits.
- Auto-enabled workflows.
Projects: Project features to see all sales, expenses, and timesheets by project.
Language: Specify if you wish to use the product in English or French.
Currency (Essentials and Plus Only): Select if you accept transactions in foreign currencies.
Business network: Select if you want to allow members to find your company.
Other preferences:
- Date and number format.
- Warnings about duplicate transaction & journal numbers.
- Waiting time before you're automatically signed out of QuickBooks Online.
You now know how to set up your Advanced account settings.
Sign in now for personalized help
See articles customized for your product and join our large community of QuickBooks users.
More like this
- Frequently asked questions about sending invoices from your Gmail accountby QuickBooks•14•Updated May 16, 2024
- Spreadsheet Sync troubleshootingby QuickBooks•1•Updated May 28, 2024
- Bank Payments: Frequently asked questions for Merchantsby QuickBooks•1•Updated October 01, 2024
- Learn about ProAdvisor profile and Find a QuickBooks ProAdvisor guidelinesby QuickBooks•5•Updated January 03, 2024
- Get answers to your payroll tax payment and filing questionsby QuickBooks•11•Updated March 26, 2024