Can I open subsidiary ledger account in QB? We are a cash basis business and we get most of the payments through bank transfers and checks deposited at the bank. We get about !% of the gross through credit card payments which is withdrawn from Paypal in to the bank account. We less than half percent through cash payments which is deposited altogether at the end of the month. Single line entries are made for each of these transactions and records for the details of the payee, amount and dates are maintained separately in Excel. Now we wish to record this in to two separate subsidiary accounts - one for payments received through credit cards and other through cash. Does QB have the capacity to handle subsidiary accounts? If so, how?
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