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Is there a way to create sub-ledger to track different prepaid expenses? or do you have to just create a new prepaid expense account?
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You can create sub accts on the chart of accts. Create the parent acct, then the sub accts and under the sub acct section, click the box and connect it to the parent.
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How do I attach an account to a parent account thereby making it a sub-account. The instructions above aren’t at all clear as to exactly how to do it. Do you have exact steps?
When creating a sub-account, the Account Type and the Detail Type should be the same as the parent account. Here's how to create one:
You can also use these articles to know more about accounts:
See you around if you need anything else.
Thank you that helped tremendously!