I can see that this is your first post so let me take time to welcome you in the Community space, dudleytut.
Yes, it would be best to do that.
When we connect our credit card account, we have to determine how your bank sends the downloaded transaction. We'll have to connect only the parent account if the transactions are downloaded to one account. If it's downloaded to both parent and subaccounts, then we'll have to connect them both.
In your case, we'll have to disconnect all the subaccounts then connect only the parent account. This way, you'll only have to reconcile the parent account since all the transactions in the subaccounts are rolled up into it. You can refer to this link in disconnecting the subaccounts: Disconnect or delete an account from the Downloaded Transactions page.
Once done, we can create subaccounts in your chart of accounts to break down your bank transactions into greater detail. I'll guide you how:
- Click the Gear ⚙ icon.
- Choose Chart of Accounts.
- Click New.
- Select the account type and detail type.
- Click the Is sub-account option and then enter the parent account.
- Enter the necessary information.
- Hit Save and Close.
We can also turn an an existing account into subaccount (If you have one).
Then, let's connect the parent account. I've added an article that will guide you in doing it: Connect bank and credit card accounts to QuickBooks Online.
You may refer to this link in categorizing your downloaded credit card transactions.
If you have further questions or need a helping hand in managing your credit card accounts, just let me know and I'll get back to you as quickly as I can.
