How do i setup an endowment account

Welcome to the Community page, pattiehorton. 

Let me show you the steps on how to set up an account in the Chart of Accounts in QuickBooks Online.

If you need to create an account to track your endowment, here's how:

1. Go to Settings ⚙, then select Chart of Accounts.
2. Select New.
3. From the Account Type ▼ dropdown, select Tangible Assets.
4. From the Detail Type ▼ dropdown, select the option that closely describes the asset.
5. Name the account, then select the Track depreciation of this asset checkbox.
6. Enter the current value of your asset in the Original cost field and the as-of-date. If recording the loan, leave this blank.
7. Press the Save and Close.

Furthermore, you can also consider getting some advice from your accountant about keeping books accurate and what expense accounts to use. Do you want to have one? Visit this article: The ProAdvisor Program.

Additionally, check out the details from these links to learn more about creating accounts from the Chart of Accounts:

• Create subaccounts in your chart of accounts in QuickBooks Online
• Add an account to your chart of accounts in QuickBooks Online

If there's anything you want to achieve, I'll be here to support you. Please let me know by adding your response below.