Using the Accounts App

Accounts sync from QuickBooks.

Updated over a week ago

The Accounts App lets you create and modify transactional accounts and sub-accounts that sync with QuickBooks. 

What is an Account?

An account is a way for your company to categorize its money: be it income, expense, equity, asset, or liability. Transactions and items are assigned to accounts. This helps your accountant organize the Chart of Accounts in QuickBooks and keep track of your day-to-day funds.

How to Create an Account

To create an account in Method, which will sync to QuickBooks, follow the below steps.

  1. On your Method:CRM dashboard, click ⊕ New on your Accounts App, or click ⊕ New Account on your Accounts List screen. 

  2. This opens the New / Edit Account screen. Fill in the appropriate fields.

    • Name* - Give your new account a unique, and descriptive name. 

    • Subaccount of (Not Available in QuickBooks Online) - If applicable, choose a parent account for this account. Sub accounts are typically used to categorize specific types of transactions. For example, if the parent account is "Travel Expenses" a sub account might be "Meals" or "Transportation". This helps your accountant more accurately keep track of funds.

    • Active Account? - If checked, this account is available as an account choice.

    • Account Type* - Account types determine whether this account appears on the Balance Sheet or Income Statement in QuickBooks. If this is a sub account, it must be the same type as the parent account.

    • Description - Provide a description for your account.

    • Account No. - The account number appears ahead of the name when synced with QuickBooks, in the chart of accounts, and accounting reports.

  3. Click Save & Back. You are returned to your Accounts List.

And you're done! You've successfully created a new account.

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