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Excellent, thank you for the information and your prompt response , it is much apprpeciated.
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Excellent, thank you for the information and your prompt response , it is much apprpeciated.

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@dawber39 &nbsp;- You are most welcome and I was happy to help. If you have other questions about QuickBooks (and accounting), I will watch for them.
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@dawber39  - You are most welcome and I was happy to help. If you have other questions about QuickBooks (and accounting), I will watch for them.

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I am new to QuickBooks, and although most of it is self-explanatory, I want to make sure the details are accurate. I am the treasurer for a condo Association. We have three Bank accounts, one of which is an Assessment Account which brings me to what I am sure will be my first of many questions. The Condo Association has had two different assessments since my taking office. I have downloaded all the data from the bank. Going through the transaction list for the Assessment account, I see that there are deposits from two different assessments. I want to create separate sub- accounts for each different assessment. So My question to anyone that can tell me - is: Is this sub- account which I will call &quot;Roof Assessment&quot; is this considered Revenue, Income, or what would the account type be &quot;Bank&quot;? if so - would there be a tax-line mapping? Any help is greatly welcomed and appreciated.
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I am new to QuickBooks, and although most of it is self-explanatory, I want to make sure the details are accurate. I am the treasurer for a condo Association. We have three Bank accounts, one of which is an Assessment Account which brings me to what I am sure will be my first of many questions. The Condo Association has had two different assessments since my taking office. I have downloaded all the data from the bank. Going through the transaction list for the Assessment account, I see that there are deposits from two different assessments. I want to create separate sub- accounts for each different assessment. So My question to anyone that can tell me - is: Is this sub- account which I will call "Roof Assessment" is this considered Revenue, Income, or what would the account type be "Bank"? if so - would there be a tax-line mapping? Any help is greatly welcomed and appreciated.

QuickBooks 2014

QuickBooks is an accounting software package geared mainly toward small and medium-sized businesses and offers on-premises accounting applications as well as cloud based versions that accept business payments, manage and pay bills, and payroll functions. QuickBooks includes remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through integration, improved e-mail functionality, import from Excel spreadsheets, employee time tracking options, pre-authorization of electronic funds and new Help functions.

QuickBooks

The tax and financial software topic covers both personal and organizational software, ranging from checkbook managers and tax calculation systems to sophisticated general ledger, accounts receivable and payable, payroll, inventory and planning packages. Two of the most common titles are Quickbooks and Microsoft Dynamics.