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Sub-Accounts in Chart of Accounts

This feature would allow users to classify accounts in the Chart of Accounts as "Parent" and "Child". The Parent account is the sum of all the Child, or sub-accounts, under it. This structure would be applied for every type of account (COGS, Expense, Income, etc). The feature would also allow users to re-classify existing accounts as "sub-accounts" or Child accounts of existing Parent accounts.

This feature is the basic structure which can be used to create more powerful reporting. For example in the Profit & Loss a user could see the detail and summary views of the P&L. The detail view would display all Parent & Child accounts and the summary view would display only Parent accounts. This allows for a quick general understanding of the business and more detailed view for accountants and book keepers.

If you also want to see sub-accounts, give this idea some votes! :)

Best,
Emily

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    EmilyEmily shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

    38 comments

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      • Ryan PartinRyan Partin commented  ·   ·  Flag as inappropriate

        Please add the ability to sub-account the "credit card" type of accounts. Having all these cards not nested under one account is a real mess. Looks like crap on the reports!

      • RossanoRossano commented  ·   ·  Flag as inappropriate

        More at the moment so I can create sub-accounts in the following accounts:
        - Other Assets;
        -Other Assets;
        -Money;
        -Bank;
        -Imobilização;
        -stock;
        -Other Liabilities;
        -Credit card;
        Long-term -Obligations;
        -Other Responsibility;
        -Capital Own;
        -Income;
        -Other income
        -Expense
        -Cost Of Goods Sold;
        -Other expenses;
        will be very important accounts in sub-accounts payable, accounts receivable;
        due to several clients and several supplier;
        My idea would be when I create a new contact customer had to be; -associado as sub-accounts of accounts receivable;

      • ReshmaAdminReshma (Community Manager, Zoho Corporation) commented  ·   ·  Flag as inappropriate

        Hi Everyone,

        We've happy to announce that we're giving early access to the sub-account feature in Zoho Books. This is currently available for the 'Expense' module. If anyone is interested to try this feature, please drop us an email to support[at]zohobooks[dot]com.

        We will be working on the other modules as well. Keep an eye on this space for more updates.

        Regards,
        Reshma

      • ScottScott commented  ·   ·  Flag as inappropriate

        Prashant. Is there a timeline or update as to when this will happen? Thank you.

      • Jan RoosJan Roos commented  ·   ·  Flag as inappropriate

        This is a necessary functionality in many companies and many leading accounting systems have this today. The Swedish standard organisation for accounting has this in it´s recommended layout for companies accounting structure. Tried to import their csv-file but it doesn´t work. Have to find a manually solution.

      • ScottScott commented  ·   ·  Flag as inappropriate

        It looks like we are looking to move away from Zoho completely now (Zoho CRM Plus along with Zoho Books) because of this one missing feature, primarily because of the lack of response to a feature that was stated as coming.

      • CAMILO ARGUELLOCAMILO ARGUELLO commented  ·   ·  Flag as inappropriate

        We want to move to Zoho Books but for us it's impossible without this functionality. Please make it happen!! Without this Zoho Books is just an cool invoicing tool

      • samsam commented  ·   ·  Flag as inappropriate

        Please Add I want to major accounts by the total sub-accounts

      • ScottScott commented  ·   ·  Flag as inappropriate

        Can we please get an update to this highly requested feature, commonly available in almost all other accounting software?

      • HowardHoward commented  ·   ·  Flag as inappropriate

        It would be really useful is this could also be incorporated when recording mileage. We have to cost mileage into the services we offer and it would be great if i could distinguish between the types of mileage claims e.g. marketing related, cost of goods sold, training etc.

      • Bryce OsoinachBryce Osoinach commented  ·   ·  Flag as inappropriate

        Allowing flexibility in the account setup would be very helpful. For example, I would like to have a 'cost of sales' account that shows up above 'cogs'. Simple example...but currently I am not sure how to deal with direct cost of sales, which is a pretty typical issue. Its not cogs but it also isn't negative 'sales' (the negative 'sales' work-around is the best I've found so far though and that works well in the mean time)

      • Jorge HoyosJorge Hoyos commented  ·   ·  Flag as inappropriate

        This would make Zoho Books a real tool in the of Z Books as our accounting service. The ability to categorize income and expense is great...but the sub categorize and sub-sub categorize, sub-sub-sub to a 4th and 5th level would be a great addition to the service.

      • RickRick commented  ·   ·  Flag as inappropriate

        User 1,2,3 is able to view each other contacts. Can this viewing rights restricted? Otherwise no point creating user. Just subscribe the lowest plan 1 user will do. No point paying so much yet the admin is not able to set the restriction for individual usage and viewing restriction.

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