With Cheqbook, you can create a subgroup in your Chart of Accounts and put accounts under that subgroup. For example, it may make sense to create a subgroup "Auto Expenses" under "Expenses" and accounts such as "Auto Gas & Fuel", "Auto Insurance", "Auto Lease Payment" under it. The advantage of creating a subgroup is that you get a subtotal for your subgroup on the Balance Sheet and Profit & Loss reports.
How to create a subgroup
- Login to https://secure.cheqbook.com/
- Select the company you want to work with.
- Click "Dashboard"
- Click "Load Accounts"
- Click "New Subgroup" within the Account Group you would like
- Enter the name of the subgroup. You can edit this later if need be.
- Select the accounts you want to be included under this subgroup
- Click "Save"
How to edit a subgroup
- Click "Edit" next to the subgroup you want to work with
- Change the name of the subgroup if required
- Change which accounts you want included.
- Click "Save"
How to delete a subgroup
- Click "Delete" next to the subgroup
- If you have any accounts in the subgroup, you will get an error message saying you need to remove them from the subgroup first.
- Click "Confirm"
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