DoorLoop provides many default accounts, but you may need to create more for your specific accounting situation. For example, you might charge for a unique revenue account, have different expense types, or collect a lease deposit that isn't included by default. You may also want to create specific mortgage liability or asset accounts. See Chart of Accounts Overview to learn more about the Chart of Accounts.

To create a new account in your Chart of Accounts, see Add a New Account to Your Chart of Accounts.

To edit an existing account — including renaming it or fixing a misspelling — see Edit an Account Category in the Chart of Accounts.

If you need to add this chart of account category for use with lease charges, click Lease Options in the left-side menu after opening the account for editing — see Step 5 in Add a New Account above for the available options.

You can create sub-accounts in your DoorLoop chart of accounts to break down your expenses, revenue, and other account types into greater detail. For example, you might divide your utilities expense account into electric, gas, and water sub-accounts, or make storage or parking rent a sub-account of the main rent revenue account. This helps keep your chart of accounts and reports organized the way you want.

Follow the steps above to create a new account, but make sure to follow the instructions for This is a sub-account in Step 4.

Follow the steps above to edit an existing account, but for Step 3, make sure to toggle on This is a sub-account and pick the appropriate Parent Account.

In your Chart of Accounts, sub-accounts appear grouped with and below their parent account, slightly indented.

In the Profit and Loss report, Repairs and Utilities expenses break down into further sub-account categories, but remain grouped together:

If you were to minimize the parent accounts so the sub-accounts didn’t show, the sub-account totals add to the parent account total to show as one lump sum.