Creating chart of accounts

I understand the importance of creating an account in QuickBooks, woodshaven.

May I know what QuickBooks product you're using? This way, we can provide accurate steps to create a sub-account.

If you're using QuickBooks Online, you may have the new Chart of Accounts interface. It could be the cause of why you're having a hard time adding a subaccount. I've added a screenshot of the page below.

If so, I've added the detailed steps to add a subaccount successfully:

1. Go to the Gear icon.
2. Select Chart of accounts.
3. Click New. 

Follow these steps if you have the New account panel:

1. Select the Save account under drop-down menu to choose an account type. 
   1. Note that subaccounts appear indented while parent accounts are not. Be sure to choose one of the indented or nested options to create a subaccount.
2. In the Tax form section, select the detail type that best fits the transactions you want to track.
3. Enter a name in the Account name field. 
4. Add the other necessary details, then click Save.

If you have the New category panel, check out this article: Create Subaccounts in your Chart of Accounts. Scroll down to see the steps.

To use the old Chart of Accounts interface, I recommend switching to Business view. Then, you can create a subaccount seamlessly. Please see the screenshot below for reference.

In case you're using the self-employed version, please note that the option to create subaccounts is unavailable.

Additionally, I've added an article to help you review your QuickBooks accounts to ensure they match your bank and credit card statements: Reconcile an Account.

I'll keep an eye on your response to ensure this gets resolved. Please keep us posted if you need additional assistance managing your accounts and transactions. This way, we'll be able to provide the help you need.

I am using the self employed. Which version should I be using to get what I want with the chart of accounts or is there another way to keep track of my two properties?

Thanks for getting back to us, woodshaven.

I'll give you options on how to keep track of your two properties. I'll elaborate on each of them in detail below.

First, you can use the QuickBooks Online (QBO) version. This enables you to create subaccounts under a parent account to help you break down your expenses. To do so, you'll have to sign up for QuickBooks Online and then create subaccounts right after to keep your chart of accounts organized.

Secondly, if you still opt to use the QuickBooks Self-Employed (QBSE) version, you'll have to create a new account for your other property. This way, you can manage your expenses accordingly.

To help you choose the right QuickBooks product that fits your business needs, please see this blog: Choosing the right QuickBooks product for you.

Additionally, you may want to check out this article to learn more about Schedule C categories and how to categorize transactions in QBSE: Schedule C and expense categories in QuickBooks Self-Employed. 

If there's anything else you need to manage your chart of accounts and expenses, let me know by dropping a comment below. I'm always ready to help. Take care.