Introducing Sub-Accounts in Zoho Books!
Hello Everyone,
Sub-Accounts is LIVE!
Yes, you read it right. The much needed and most requested feature is now live in Zoho Books. The sub-accounts feature in Zoho Books will help you to classify your accounts further which will give you a more detailed view of your accounts while running reports.
You can create sub-accounts for the below Accounts:
- Asset
- Cost of Goods Sold
- Expense
- Liability
- Fixed Asset
- Other Asset
- Other Current Asset
- Long Term Liability
- Other Current Liability
- Other Liability
- Other Expense
To create a sub-account, all you need to do is, check the box that reads ‘Make this a sub-account’.
You can currently add one parent account and add another two levels of sub-accounts for the parent account. Like in the example shown below.
Credit and debit transactions occurring in these accounts will reflect in the following reports:
- Balance Sheet Report
- Profit & Loss report
- Cash Flow Statement
- Trial Balance
- General Ledger
Take a look at our
help documentation for more information.
We know you've been waiting for the sub-accounts feature for a very long time. Go ahead and give it a try. We would love to hear your feedback on this.
Regards,
Keerthiga S A
Zoho Books
Zoho Developer Community
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