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Hey there, @cjohnson3.
You can change the detail type of an account by editing them. Check it out:
That's it! For more information on editing existing accounts, check out: Add to or edit the Chart of Accounts
Let me know if you have any other questions. We're always here to lend a helping hand.
"I would like to create a Category/Account Type of G&A Expenses and Operating Expenses. Now its just EXPENSES. Can I do this?"
You can make both G&A and Operating Expenses as two-parent accounts. And then you make sub-accounts underneath for all expense accounts you need. But unfortunately, you can't edit the Profit and Loss format layout of current the label names.
Hope this helps!
Please advise how to change those categories? Is it through Chart of Accounts or another method?
Just to be clear, I can change it but I cannot change the format of the P/L Report? I think that is what you were saying and you read my mind of where I was going? So do you just take your numbers, export to Excel and create your own report?
So where do you make the changes? In Chart of accounts?
I think you read my mind in the reports. Trying to setup a report to seperate my G&A from Operating. So when you do it, do you export to Excel and just create your own report outside of QB?
Thanks
Chiming in to share additional details about accounts, cjohnson3.
What vpcontroller mentioned is correct. Though, we can customize reports in QuickBooks Online, Profit and Loss has a default format which we're unable to modify. We can use the Transaction Detail by Account to have a report which separates the G&A from Operating Expenses. These are the steps to follow:
I'd like to clarify something to make sure we're on the same page. What do you mean by changing those categories? If you want to edit the categories on the transactions, we'll have to edit the transactions manually. If what you mean by categories is the account or detail type, we can only edit the detail type. We're unable to change its account type to another type of account.
You can follow these steps if you haven't added the new accounts yet:
Also, I've added these links for more details:
Please comment again if you need further assistance. Wishing you all the best!
Sorry, I guess I am still missing something. How do I make the parent accounts G&A and Operating? Lets start there.
I think if I can see that maybe I can see the other point about the reporting. Please advise.
Hello, @cjohnson3.
You can make an account a parent account when you add sub-account on it. Let me guide you in turning an existing account into sub-account under your G&A account.
You can read through this article for more detailed steps: About bank or credit card subaccount setup.
Do you have questions in mind? Let me know right away and I’ll back you up. Take care!
So I have several detail types all under Account type "Expenses". Is there an easy way to go to these and change the Account type to "General Expenses"?
I have several detail types under account type "expenses". Is there an easy way to change the account type to "General Expenses" or "Other Expenses"? Especially for multiple detail types?
Hey there, @cjohnson3.
You can change the detail type of an account by editing them. Check it out:
That's it! For more information on editing existing accounts, check out: Add to or edit the Chart of Accounts
Let me know if you have any other questions. We're always here to lend a helping hand.
How do I make a G&A Expenses Parent Account and an Operating Expenses Parent Account?
Help! I am having trouble understanding how to create the G&A Expenses and the Operating Expense Parent Accounts. Under my accounts I see an Office/General Administrative Expenses. I think I need to create 1) G&A Expenses and 2) Other Expenses and then associate the other detail to these. HOW???????
Let me show you how to create a parent account, cjohnson3.
We simply need to create two different expense accounts. One account for G&A Expense and another one for Operating Expense. When setting up these accounts, don't check the Is sub-account box. That makes it a parent account.
In addition, you only need to create an account for Operating Expense since you mentioned that you already added the G&A Expense. The only thing we need to make sure is that you added it as a parent account. You can follow these steps on how to check it.
This is how to create a parent account for Operating Expense.
Click on the photos I attached to see how it looks like. When you create sub-accounts that you want to associate to these accounts, that's the time we have to select the Is sub-account. You can also refer to this article for more details: How to change the type of an existing parent account or sub-account.
Please tag my name if you have more clarifications. Have a great day!
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