QuickBooks Team

Reports and accounting

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.

  1. Go to the Accounting tab and select Chart of Accounts.
  2. Locate the G&A Expense. Under Action column, click Edit.
  3. Make sure the Is sub-account box isn't checked. 
  4. Click Save and Close.G&A Expenses.PNG

     

    G&A Expense 2.PNG

This is how to create a parent account for Operating Expense.

  1. From the Chart of Accounts page, click New.
  2. Select expense as the Account and Detail Type. Enter Operating Expense as its Name.
  3. Do not check the Is sub-account box. Click Save and Close.Operating Expense.PNG

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!