Why use subaccounts?
To do this task
Go to the Lists menu and click Chart of Accounts.
Click Account at the bottom of the list and click New.
Click the Type drop-down list and choose an account type.
The account type must be the same as the parent account. For
example, if the parent account is an expense account, the
subaccount must also be an expense account.
Click Subaccount of and then select the parent
The subaccount inherits the active or inactive status of the
Enter any additional information that you need
to describe the subaccount, such as a description
(For income and expense accounts) Click the Tax
Line drop-down list and choose the appropriate tax
line or .
Important: To avoid duplication in your income
tax reports, don't
assign tax lines to both the parent account and its
subaccounts. Assign tax lines only to the subaccounts.
If applicable, enter the starting balance and starting balance
date of the account.
Restriction regarding balance sheet
Why should I select a tax line?
What if the list of tax lines is missing
Adding new accounts
Hiding the full path