Help with separating funds

I'm here to ensure you can achieve your desired data, @Cmccourt. 

You can specify the income and expense accounts assigned to the products or jobs you sell. Once they are assigned to a transaction, the income or expense amounts will go directly to the specific accounts linked to them. Let me guide you how:

1. Sign in to your QuickBooks Online (QBO) account.
2. Then, select the Sales tab.
3. Choose Products and services.
4. Locate the product or job you want to update and select Edit.
5. From the Income account drop-down choose the sales account you want. Select also the specific account under the Expense account field.

If you want to create a new account for categorizing your sales and expenses, see this article for the detailed guide: Add an account to your chart of accounts in QuickBooks Online.

Then, to monitor the profitability of your business over a specific period, you can run the Profit and Loss report. Here's how:

1. Select the Reports menu.
2. Then, scroll down to the Business overview section.
3. Click Profit and Loss.

Also, QBO has a compilation of how-to videos that will further guide you in optimizing your navigation. It includes tutorials from setting up a company to running payroll for your employees.

Stay in touch if you need additional assistance in separating your funds in QBO. Please leave your response below. Have a good one. 

Thanks for the reply.

Ah okay. I think I see what you mean. We currently just have a “Job Income” income account. And then of course the expense side which is Cost of Goods Sold.

I see that I can create either a parent income account  or sub account to the job income account and just call it “commissions , Profit, OH etc. or whatever he wants to track. Then it’s just a matter of assigning them.