HOW TO SETUP AN INCOME ACCOUNT?

Welcome to the Community space!

I am here to share some steps to set up your income account in QuickBooks Online (QBO). I'll be happy to guide you through the steps.

1. Go to Settings, then select Chart of Accounts.
2. Click New to create a new account.
3. Choose an account type in the Account Type dropdown menu.
4. In the Detail Type dropdown, select the detail type that best fits the transactions you want to track.
5. Add a description.
6. When you're done, click Save and Close.

Furthermore, I'd suggest you refer to your accountant. This way, you'll be guided through the process and select the accurate details for your account.

Moreover, I'm adding this helpful article as your reference in adding subaccounts in QuickBooks Online: Create subaccounts in your chart of accounts in QuickBooks Online.

Please don't hesitate to return to this post if you have other concerns about creating an account in your chart of accounts in QBO. I'll be here to lend a hand. Have a good one!