Most new QBO accounts come with a default Chart of Accounts that might have account names identical to yours. You can choose to change your account names Select the Account drop-down at the bottom, then choose New to create a new account. Select an account type, then Continue. Enter the account details. Select the Subaccount of checkbox if it's a child account. From the drop-down, choose the parent account. Select Save & Close. Edit an account. Go to Lists at the top menu, then select Chart of Accounts. Right-click the account that you want to edit. Select Edit Account, then make the necessary changes. Create an account on your chart of accounts in QuickBooks Online Learn how to set up your chart of accounts and add new accounts. Chart of accounts is the nuts and bolts of your accounting.