this is the default functionality that can be achieved using some simple steps.
- when you create a lookup field of account on object tracking.
- then add a sub-grid on account (make sure to selected related records and entity only) and it will only show when the record is saved.
- '+' button to add an object is available by default
- when you add, the account will be populated by default.
you do not have to do any out of the box thing to achieve this functionality