can i create cost center under expenses category?

moneeka-leo · ‎June 28, 2025

How i can create cost center under expense head? suppose i want to segregate two types of expenses seperatly. for example my company is making revenue from two different business like one is advertising and another is trading. Here i want to show expenses related to each activity separately under main expense category like Expenses from Advertising and Expenses from Trading (in a group) Thank you

Jessavell_A · ‎June 28, 2025

You can create a parent account for your expenses and add two subaccounts for Advertising and Trading, Moneeka.

However, before proceeding with the steps below, please consult your accountant to determine if this approach is suitable for your business. This can help avoid complications and ensure accuracy in your financial records.

To create subaccounts, start by adding a parent account. Here’s how to do it:

Click the Gear icon in the upper right corner, and then select Chart of accounts.
Click New. Then, enter an Account name.
Choose Expense as the account type, and select the Detail type from the dropdown.
You can add a Description to add extra information about this account. When you're finished, select Save.

After setting up the parent account, you can create two subaccounts for Trading and Advertising. For detailed steps on how to do this, refer to this article: Create subaccounts in your chart of accounts.

If you don't plan to use an account anymore, you can make it inactive to keep your chart of accounts simple and organized.

Just click the Reply button below if you have additional questions.