Unlike QuickBooks desktop version (where you can create as many multiple company files as you want), QuickBooks Online is per one company file subscription. You can only have one business or company file in one paid subscription account. You can add multiple companies with additional PAID subscriptions under your same login account.
From home page screen, select Company Gear (top upper corner)
Select Chart of Accounts under Settings
Select “Include inactive” (located next to Filter by Name)
The page will refresh automatically.
Locate the account you want to undelete from the list (it will indicate as deleted account)
Double click the account you want to undelete
New screen will open
Locate and uncheck “Inactive” box (located at bottom left)
The tutorial video below explains how different expense transactions are entered in QuickBooks Online. It is a step-by-step process of learning how to enter expenses in QBO. This is probably the best in-depth video that covers vendor expenses in QuickBooks Online. I highly recommend you to watch it.
Let me summarize the content of this video:
It explains how to enter expenses like debit card, credit card, ATM, cash withdrawal, bank fee, wire transfer, write check, enter Vendor Bill to pay later as A/P, Pay Bill by the Check and create Purchase Order and more.
It explains how to set up and enter billable charges to customers.
It explains how to set up and enter expenses by class tracking and location tracking.
Lastly, it explains how these entered expenses will show up on various financial reports.
This QBO tutorial video is a step-by-step guide to complete invoicing process (Customer Invoicing, Sales Receipt, Receive Payment and Bank Deposit). It covers how to handle all forms of payments like check, credit card, debit card, PayPal and Amazon payments. It explains how to record merchant service fees as well as PayPal and Amazon fees. It also explains how to match bank downloaded transactions.
Major features of QuickBooks Online (QBO) are explained in one single Chart below:
Click on the screenshot below to enlarge it Dark Blue navigation bar on the left for customer center, vendor center, all transactions including printing checks, run standard reports, setup and print sales tax, and buy apps.
Company Gear – top half of blue screen for settings (preferences), chart of accounts, products and services (item lists), bank reconcile, import and export data, and manage user access.
Middle plus (+1) sign – bottom half of blue screen to enter all transactions from invoicing to billing to journal entry, also bank deposits and bank transfers.
If you are upgrading from old QBO to new QBO, this tutorial video will be very helpful. It provides side by side navigation guide. After watching this video, you will have a basic understanding of where the major features are located in new QuickBooks Online.