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Chart of accounts - Add support for subaccounts

Xero should have the ability (similar to QuickBooks) to have sub accounts in Chart of Accounts.

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Roger Molesworth shared this idea  ·   ·  Report…  ·  Admin →
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In discovery  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hi community, thanks for continuing to engage, and sharing your needs in adding more layers to your chart of accounts structure.

We know especially for some of our US customers that this can sometimes be a show stopper in using of Xero.

Right now, we do have a product team that have begun exploring the efforts that'd be required to implement a change of this nature - while we can't commit to any development at this point we'll share any progression with you all here. Thanks

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  • Vikas Deshwal commented  ·   ·  Report

    Agree, We should have another sub account heads or classification. Also the names of account heads should be editable. For example expences could be devided in Material, labour and overheads.

  • Trevor Courtney commented  ·   ·  Report

    Agree with all of these comments. Tracking is a poor substitute for subaccounts.

  • Diana Worthen commented  ·   ·  Report

    Yes, this is so important! I need to be able to see, for example, the total spent on conferences, but then also be able to input conference registration fees and conference travel costs. Tagging ability would additionally be so helpful!! But the subaccounts is critical. And limiting the tracking to 2 is weird and very limiting.

  • Anne Norman commented  ·   ·  Report

    Coming from Reckon, I find this very annoying. Open source packages such as GnuCash have this basic functionality, why cant an expensive paid for package? Yes, you can add in things like 433 / 433.1 / 433.2 etc etc, but they are separate accounts, not a parent / child relationship.

  • Timothy Fletcher-Velasco commented  ·   ·  Report

    Ability to merge accounts that may have sub-accounts (ie credit cards with employee cards). This would allow transactions to follow to a "parent account" and thus reconcile properly.

  • Thayamie Navaratne commented  ·   ·  Report

    At present there is no functionality in Xero to add sub accounts in the Chart of Account (like in QB where you can assign the main account to the sub account within chart of accounts)

  • Caren Reid commented  ·   ·  Report

    Sub Accounts in the Chart of Accounts - When entering sub accounts one needs to be able to add a sub account as 200.001

  • TRACEY ARNERICH commented  ·   ·  Report

    The chart of accounts - the base chart is too sparse. Having worked with MYOB and we all know that this is too much information but the one thing I would have to say is that there has never really been a time that I have had to create an account really - they are all available and have been thought of. Whats more in Xero after creation you have to manipulate the advisor reports to fit it in. Simple things like an asset sale - no default accounts? Silly. Why not make this global. It leads to consistency in approach throughout practices but also throughout the wider community as jobs pass on

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