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UMD66
September 26, 2024
Question

Sub-accounts not working correctly

  • September 26, 2024
  • 2 replies
  • 0 views

A prior QB-DT user incorrectly set up an income account Event Income as not a sub-account and posted transactions to it. I created an account Income: Race Income and transferred all transactions to that subaccount. However, the Income Statement still shows Event Income as an account and does not show up the account Income: Race Income. Desktop version 2021. Any suggestions welcomed. 

2 replies

FishingForAnswers
FishingForAnswers
September 26, 2024

@UMD66  The first question that comes to mind is which date range you're using for the report, and what amounts are showing on said report.

J
jeanbiverly_
September 26, 2024

Hi there, @UMD66. Thanks for reaching out regarding the account setup challenges in QuickBooks Desktop (QBDT). 

 

Based on your explanation, it seems that the Event Income account was initially set up incorrectly. Even though you have successfully created the Race Income sub-account and transferred the transactions, the Income Statement still displays Event Income.

 

To resolve this, please double-check the account used in the transaction. If it's a deposit, make sure to select Race Income. If you've created a sales receipt or invoice, ensure that the income account used is Race Income.

 

If you have any further questions or concerns, please don't hesitate to reach out. I'm here to assist you. Take care!

    U
    UMD66Author
    September 26, 2024

    Great suggestion. I corrected the deposits. I will follow them back to the invoices.

     

    U
    UMD66Author
    September 27, 2024
    Look at the Service Expenses. Pink Gorilla is subaccount and the other accounts (Art Contest, Backpacks, etc) are subs of Pink Gorilla.
     
     
     

     

     

     

     

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