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AF-Ohio
Level 1

Chart of Accounts

In Preferences --> Accounting --> Company Preferences, what is the function of "Require accounts"?  I can't seem to find any documentation on this option.

Solved
Best answer May 19, 2021

Best Answers
BigRedConsulting
Community Champion

Chart of Accounts

If you turn it off, then you can record transactions and not enter an account in the detail area of the transaction.

 

In that case QuickBooks will automatically assign a default account, either "Uncategorized Expenses" or "Uncategorized Income", presumably so someone else can later fix the transactions and pick the right account.

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1 Comment 1
BigRedConsulting
Community Champion

Chart of Accounts

If you turn it off, then you can record transactions and not enter an account in the detail area of the transaction.

 

In that case QuickBooks will automatically assign a default account, either "Uncategorized Expenses" or "Uncategorized Income", presumably so someone else can later fix the transactions and pick the right account.

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