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Level 1

What does sub account mean?

 
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Level 3

What does sub account mean?

On your Chart of Accounts, a sub-account is an account that is nested under another account. For instance, you may have the account "Insurance". You may choose to have sub-accounts under it like "Health", "Automotive", "Liability" and so on.

I personally do not use sub-accounts because I do not care for the way they appear on P&Ls.

Hope this helps.

Victoria

 

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