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You can create new accounts and sub-accounts to categorize income and expenses, joi-barkley.
Here are the easy steps to create a main (parent) account:
To add a sub-account to a parent account, follow steps 1-4 given above. After, check the Is sub-account box. From the Enter parent account drop-down, select the sub-account's parent account.
You'll also want to read through this article that will help you manage downloaded bank transactions to the new account you created: Assign, Categorize, Edit, And Add Your Downloaded Banking Transactions
Let me know if you have further questions. I'd be glad to help you!
I dont have a accounting tab on left hand side. Is that because I am using "Self employed" QB?
You're absolutely correct, @MBS2!
There is no Accounting tab when you're accessing QuickBooks Self-Employed.
If you're categorizing your transactions in your QuickBooks Self-Employed account, here's how:
This way, you'll be able to categorize your transactions.
I've attached an article you can read to learn more about the steps above: Category Types - Income and Expenses.
However, if you have QuickBooks Online (QBO) account, then you're categorizing your banking transactions, you'll have to access your account on the login page. And then follow the steps provided in this article as your reference: Assign, Categorize, Edit, and Add your Downloaded Banking Transactions.
Feel free to leave a comment below if you have any other questions or referring to something else. It'll be always my pleasure to help.
I Dont have ”Accounting” to choose from
Welcome to the Community, WorldPeace2018.
Are you trying to categorize your transactions as well using QuickBooks Self-Employed? If so, you can follow the steps below.
I'm leaving you some resources to learn more about managing and categorizing your transactions:
If you're referring to something else, please let me know. I'll zip right back to help you out.