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How to create Expense or Income Accounts under Accounts (kind of subcategories)

txt007txt007 Member Posts: 2

Hi,
Somebody know how to do this in Wave App?

I can't find a way to create account under account, so that my end report could be much simpler, but i could still see details when I want.
For example, in utilities account, I want to create under this account other accounts like electricity, gas, water. Or like taxes account, there are city taxes, school taxes, water taxes. On end report, the report will display only Taxes, but if i want to see details, i can quickly know what are the amounts of city taxes and other taxes.

Do I understand there is no possibility of subaccounts in Wave???

thanks

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in Accounting Technical Support

Comments

  • MerlinAccounts_UKMerlinAccounts_UK Member Posts: 177 ✭✭✭

    This isn't a supported feature of Wave at present, so you would have to set each account up as an individual account - but you could name them Utilities - Gas, Utilities - Water etc etc. Not ideal but at least by naming that way you will keep them all together in the nominal ledger.

  • txt007txt007 Member Posts: 2

    Thanks, that's what I've done, but the printed reports will be loooonnnnggg :)

  • MerlinAccounts_UKMerlinAccounts_UK Member Posts: 177 ✭✭✭

    I do believe that sub-accounts are on Wave's roadmap but as for when that will be is another matter.

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