QuickBooks Online How-To: Setting up Parent & Sub-Accounts in your Chart of Accounts

Setting up parent and sub-accounts (or child account as they’re sometimes called), allows you deeper insights in how your money is being spent and received.

It also makes your financial statements neater, with improved insights, and makes it easier to expand and collapse different parts of your financial data when reviewing past performance.

It’s must for any business looking to easily track larger “buckets” of performance related to departments, location, or funds.