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joe-wisdify-com
Level 1

I'm trying to create a goodwill account, but it forces me to choose a category of land, buildings, etc... with no option for intangibles, please help!

I'm fairly new and have looked at the boards and online, but haven't found an explanation anywhere. I could just make it up under "Land" or "Buildings", but would prefer to have an "Intangibles" category but it won't allow me to do it, it forces me to pick one of the existing Asset Categories to place it under.
1 Comment 1
JenoP
Moderator

I'm trying to create a goodwill account, but it forces me to choose a category of land, buildings, etc... with no option for intangibles, please help!

I'll make sure that you're able to create the goodwill account, joe-wisdify-com.

 

It's possible that your account is set to Business View. This is the reason why you can only select the pre-set up accounts. Let's change it to Accountant View so you can customize your Chart or Accounts, Here's how:

 

  1. Go to the Gear or Settings ⚙ icon.
  2. Select Switch to Accountant view.

 

Here's an article about this for more details: Switch Between Business and Accountant View in QuickBooks Online.

 

Once done, follow theses steps on how to create a goodwill account:

 

  1. Go to the Accounting menu and select Chart of Accounts.
  2. Click New in the upper-right hand corner.
  3. Select Other Assets in the Account Type, then select Goodwill in the Detail Type.
  4. Enter all other details and click Save and close.

 

You can also take a look at these articles for additional references when managing your Chart of Accounts:

 

 

As always, post more questions if you need anything else. I'd be glad to offer my help to you again. 

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