currently I have program income as 47500 with then 47600 grants as a subaccount of 47500. How can I create then a subaccount under 47600 for each of my separate grants to record their program income?

Hi there,

It's vital you're able to record your transactions the right way. I'd be glad to steer you towards the right path so you can get back on track. QuickBooks is a powerful program which helps you complete your work faster saving you tonnes of time. 

To ensure accuracy in your books, I recommend contacting an accounting professional to get more info on recording the transactions. Doing this will help prevent any future discrepancies in your books. If you're not in contact with one, I encourage you to search for one on our website using this link here. In the meantime, check out this article which shows you how to: Create subaccounts in your chart of accounts in QuickBooks Online.

I'll also leave this question here so other accounting professional members can chime in. Let me know if you have other questions. I'm here to help.