How do I delete a bank account?

10 replies
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I accidentally linked the wrong bank account to QB and now want to delete it. When I go to the Chart of Accounts and select that account in question, the only options are:

- View Register

- Edit

- Make Inactive

- Run Report

I've seen instructions online that point to the ability to delete the account here, but I don't seem to have that capability. I'd make inactive ,but I don't want any of the downloaded transactions (which I added before realizing it was the wrong account) to appear in any of my reporting.

There has to be a way.......

QuickBooks Online

MJoy_D

QuickBooks Team

You can click on Make Inactive to remove the account, @crhite.

Making it inactive will delete the account. You can go back to the Chart of Accounts to make it inactive.

Here's how:

Go to the Gear icon (⚙) and choose Chart of Accounts.
Look for the account that you'd like to delete.
Click the Action (▼ )drop-down and select Make inactive.

Also, please take note on the following when you delete a bank account:

The bank will be made inactive in QBO.
We'll create an adjusting transaction if the account has a non-zero balance
Although you can make a deleted account active again, you may need to make corrections to journal entries and balances.

Check out this article for more helpful details: Disconnect or delete an account. To help you organize your transactions on your reports and tax forms in the future, see this article: Understand the chart of accounts in QuickBooks.

Let us know if there's anything that you need with your bank account. We're always here to assist.

crhiteAuthor

Thanks MaryJoyD,

As the account has a balance from the downloaded transactions, inactivating it creates an offsetting entry. Where do that entry go and do I need to categorize it so it doesn't effect my overall reporting?

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