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Can I add a missing "Account Type" to my chart of accounts?

ktsmgktsmg Member Posts: 2

Hi, I have several businesses I use Wave accounting for. One of them does not have an "Other Expenses" type of account, only "Operating Expenses" and "Payroll Expenses". I don't know why Wave thought this was preferable for this company, but it isn't. I currently have all expenses recorded as "Operating" and I know it works, but I would prefer to clean it up and have "Other" like my other businesses. Is there a way I can add this or am I stuck? I'm afraid to change my type of business in the set up at this point b/c I don't know what else will change. Thanks for your help.

in Using Wave

Comments

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hey @ktsmg , we more than encourage you to create all the account types that you need for your workflow in your Chart of Accounts. For some context, we do have some built in default accounts, but our assumption is that you will actually need to create others one to track your income and expenses.

    Let us know if you have any other questions!

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