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Jessica_young
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Welcome to the Community, @MichelleMM1.

 

Within one company file, you can only have one chart of accounts. A solution that may work well for you, would be to create sub-accounts under each "division" to give you more details of account transactions.  In order to keep your account organized and make reports easy, QuickBooks offers you the option to set up sub-accounts under various account headings, so that you can track multiple kinds of expenses within an account. A great example would be creating an account for "travel", but also the types of things you may need to purchase while traveling, like meals, car rental, hotels, etc. This way, all of these sub-accounts show up under the travel heading, making reports easier to consolidate and read. You can add sub-accounts to any parent account in your chart of accounts.

 

Here's how:

  1. Go to Lists at the top menu, then select Chart of Accounts.
  2. Select the Account drop-down at the bottom, then choose New to create a new account.
  3. Select an account type, then Continue.
  4. Enter the account details.
    1. Select the Subaccount checkbox if it's a child account.
    2. From the drop-down, choose the parent account.
  5. Select Save & Close.

 

Keep me posted if this solution works for you, I'm here to help! Have a great day.

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