Hello sahanimamata369,
We can only customise the account name when adding a new account to the chart of accounts. As long as you select the correct Account type your reporting should be correct.
Here's how to add new account to your chart of accounts:
- Click on the Settings icon.
- Click on Chart of Accounts.
- Click on Account type and select Expense.
- In the Detail type select the account that best fits the transaction you wanted to track.
- Under Name field, enter the expense name you wanted to add.
- Click on Save and close.
That's it! You've added the new expense account in your Chart of accounts and ready for use.
Check this link to learn more about: Add an account to your chart of accounts in QuickBooks Online.
Drop by again in the Community if you have further concerns. I'll be around to help you.