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S
SR341
April 3, 2024
Question

How to subdivide income into types.

  • April 3, 2024
  • 1 reply
  • 0 views

I want to categorize income. For example, on my Profit and Loss I want to see the following:

41000 Asphalt Income

       - Asphalt Repair

       - Asphalt Paving

       - Asphalt Stripe

   I want to invoice under the following items :

        - labor

        - materials

       - Permits

How do I do this without creating subaccounts in my chart of accounts and then it would require me to then create 3 items for each subaccount. For example:

      Items:

       - Labor Asphalt Repair

      - Labor Asphalt Paving

      - Labor Asphalt Stripe

etc. 

1 reply

M
MelroseV
April 3, 2024

It's good to see you here in the Community space SR341.

 

In QuickBooks Desktop (QBDT), the only option to subdivide income is through creating a sub-account. Since you want to display that subdivided income in the Profit and Loss, let me show you how:

 

  1. Go to the Lists menu, then select Chart of Accounts.
  2. From the Account dropdown, select New.
  3. Select an account type, then click Continue.
  4. Enter the account details.
  5. Click the Subaccount of checkbox.
  6. From the Subaccount of dropdown, click the parent account.
  7. Select Save & Close.

 

I'll add these articles for you to learn how to personalize and know what are available reports in QuickBooks Desktop:

 

 

I'm always here ready to assist if you have additional concerns in managing your transaction. Feel free to post again here. Have a good one.

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