cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

In chart of accounts, why can't I name an income account the same as an expense account

 
1 Comment
Highlighted
QuickBooks Team

In chart of accounts, why can't I name an income account the same as an expense account

Hello there, @officesecretary-.

 

You'll have to put an identifier for the income account so it will be the same with the expense account.

 

Here's how:

 

  1. Go to the Accounting menu in the left pane.
  2. Select Chart of Accounts.
  3. Click the New button.
  4. In the Account Type drop-down choose Expenses.
  5. Select the transactions in the Detail Type.
  6. Enter the name together with the identifier in the name field.
  7. Hit Save and Close or Save and New.

1.PNG 2.PNG

2.PNG

To know more about chart of accounts, please check out this article: Understand the chart of accounts in QuickBooks.

 

Also, you can read out our Help articles it provides tips and answers your How do I questions in the future.

 

I'd be more than happy to assist if you have more questions. Have a good day.

 

 

Need to get in touch?

Contact us