Step 1: Open the New Account Window
Click the Account button in the Chart of Accounts window, then select New. Alternatively, press Ctrl+n on your keyboard. The New Account window will appear.
Step 2: Choose an Account Type
Click the down-arrow in the Type field to choose an account type. You must pick one of the types from this list; you can't create types of your own.
Step 3: Enter an Account Name
Enter a name for your new account in the Name field. The name you enter is the name that will appear on your financial statements, so you may want to avoid using an abbreviation.
Step 4: Enter a Tax Line
Choose a tax line for this account if you plan to use QuickBooks to produce tax reports that will help you prepare your income tax return, or if you plan to prepare a tax return by incorporating your QuickBooks data into TurboTax.
Step 5: Fill in Optional Fields
The rest of the fields in this screen are optional, and the fields you see depend on the Account Type you chose. Fill out any information that you want to save about this account.
Step 6: Close and Save Your New Account
Click OK to add your new account to the Chart of Accounts list, or click Next if you want to add another new account.