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Level 1

Incorrect Entity Type

My client has set up a entity with Quick under the company structure, however the entity is supposed to be set up with a trust structure. How can we fix this issue so it reflects the right chart of account?

2 Comments 2

Incorrect Entity Type

Thanks for reaching out to us, JMX.


I understand the importance of having the correct business structure for your client's account. I'll share the steps to change the entity type in QuickBooks Online.


The following are the business structure available for the QuickBooks Online US version:


  • Sole Proprietorship
  • Corporation
  • Limited Liability Company


The Trust structure is available only in some regions. You can follow these steps if you want to change your business structure.


Here's how:


  1. Go to the Gear icon.
  2. Select Account and settings, then the Company tab.
  3. Click the Edit icon under the Company type field.
  4. In the Tax form dropdown, choose the business structure that suits your company.
  5. Hit Save, then Done.


Check out this article for more insights: Changing your business entity.


I'm also adding this resource below to learn how to set up and add accounts to your chart of accounts for future reference: Add an account to your chart of accounts in QuickBooks Online.


Stay in touch with us if you need further assistance with managing accounts. We're always here to help.

Level 5

Incorrect Entity Type

@Giovann_G , incorrect answer. "trust" is an industry type. not a business entity. 

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