How do I create a Warranty Account to track our Loss of Income on Warranty Calls?

Tracking your lost income due to the warranty is a good step to accurately measure your profitability in QuickBooks Online (QBO), Emily0780.

You can follow the steps below to create a warranty account. Here's how:

1. Go to the Gear icon and choose Chart of Accounts.
2. Click New Account.
3. Enter the Name, Account type, and Detail type.
4. Tick Save and Close.

About the appropriate Account and Detail Type, I recommend seeking professional advice from your accountant. This way, you can ensure that you'll track your loss of income accurately in your account.

I'll add this article for you to read through for more in-depth information about the accounts listed in QBO: Add an account to your chart of accounts in QuickBooks Online.

If you still need help with managing your accounts or tracking transactions in QBO, please let us know, and we'll do everything we can to help you achieve your goal.