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

is it true that quickbooks can only accomodate one receivable and one payable general ledger account in a chart of accounts

 
1 Comment
QuickBooks Team

is it true that quickbooks can only accomodate one receivable and one payable general ledger account in a chart of accounts

Yes, it is @Bana.

 

When organizing your books, the general suggestion is to maintain one Accounts Receivable (A/R) and one Accounts Payable (A/P).

 

QuickBooks Online uses the default. You can create multiple AR and AP accounts, but you can't use them when creating transactions.

 

Instead, you can group them. Please see this article for more details: How to group Accounts Receivable or Accounts Payable account types.

 

Reach us again if you need further assistance. I’ll be here.

Need to get in touch?

Contact us