How can I map parent company's chart of accounts to newly acquired subsidiary? The subsidiary is on Quickbooks.

Thank you for choosing QuickBooks Online, ap-heartlandtech.

QBO can only handle one company since it is designed for small businesses. No subsidiaries. You can add another subscription for your subsidiary company, but just to set your expectation, QBO doesn't have a feature for combined reporting.

Here's an article with detailed steps to guide you through adding a subscription: Create or add another company file to QuickBooks Online.

The QuickBooks Team is always available should you have any other concerns. Stay safe!

Thank you Jess. But I am not looking to add additional company on QB. My parent co is already on NS. And subsidiary is on QB. At this time I am only looking to map the subsidiary COA to parent COA. I want to know how I can import new COA on QB and then map the old books to this new COA. 

Thanks Jess. But I am not looking to add more companies on QB. My parent co is already on NS. At this point I am only looking to map the parent's COA to subsidiary's COA. Want to know how I can push the new COA into QB and then the process of mapping old books of accounts to this new COA.

Thanks for coming back and providing us with in-depth details of your concern, ap-heartlandtech.

We can import your Chart of Accounts to the new company. Importing accounts in QuickBooks Online (QBO) only includes the account number, name, type, and detail type. Therefore, it won't carry over the balance. We'll have to enter the amounts on the register. You can refer to the screenshot below to see what your Excel file should look like.

Then, map your CSV file to import sub-accounts in QuickBooks Online (QBO) by adding the sub-level account under the Account Name column. See the format here:

Then, map your CSV file to import sub-accounts in QuickBooks Online (QBO) by adding the sub-level account under the Account Name column. See the format here:

For mapping samples, click this link to download our sample spreadsheets. Once you're ready, follow these steps to start the import process:

1. Go to the Gear icon on the top menu.
2. Choose Import Data.
3. Choose Chart of Accounts, and then Browse.
4. Then, find and select the spreadsheet you saved.
5. Press Next.

To learn more about this process, check out the following articles:

• Move your chart of accounts to QuickBooks Online 
• Import bank transactions using Excel CSV files 

Feel free to visit our Banking page for more insights about managing your company's income and sales transactions.

I'll be right here to continue helping if you have any other concerns or questions about QuickBooks. Assistance is just a post away. You have a good one.