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Posted by Nightcheck on January 23, 2007, 12:19 am
Please log in for more thread options Thanks Ted :)
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Ted wrote:
> Create the main account Auto Expenses. Once you have created it, create a
> new expense account names Gas Expense but check the box that says subaccount
> and use the drop down box until Auto Expenses appears. This will create the
> Gas Expense as a subaccount of your main.
>
>
>
>
> > Hi -
> >
> > I am new to QB and am in the process of setting up a chart of
> > Accounts. I would like to do the following, but not sure if QB can do
> > it.. and if so how?
> >
> > EXAMPLE: For Expenses - Let's say I want the main category to be AUTO
> > EXPENSES -
> >
> > I would like to assign the main account (Auto Expenses) with an
> > account - let's say: 5000
> > I then would have several accounts below this account - but linked to
> > it i.e.,
> > 5010 - Gas expenses
> > 5020 - Auto Insurance
> > 5030 - Auto Payment
> > 5040 - Maintenance
> > 5050 - Repairs
> >
> > Each expense would go in one of the sub accounts; however, all the
> > expenses would roll up up to the main 5000 account. This way, when I
> > print an income statement, expense statement, etc. I would have the
> > option of just printing the Main 5000 Account which would have the
> > totals of all the sub-accounts. If more detail is needed - I could then
> > expand the "tree" and have each Sub- Account print out.
> >
> > I would think this can be done - but I'm not sure how to link the Sub
> > Accounts to the Main Account so their expenses would all roll up.
> >
> > Thanks so much in advance...
> >
> > NC
> >
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