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Intuit
2 helpful votes

How to change the type of an existing parent account or sub-account

In the Chart of Accounts, all parent accounts and their sub-accounts must have the same account type.

If you need to change the type of account for an entire group, you must start with the sub-accounts, reversing their sub-account status and then changing their account types. You can then change the account type of the parent account. Once all of the accounts reflect the new account type, you can link the sub-accounts back to the parent account and return them to sub-account status.

Warning When changing account types, certain restrictions may apply. For a list of these restrictions and how to address them, see Changing an account type results in an error message (account type restrictions).

Change account types

To change the account type of the accounts, start with the sub-accounts, and then, when all of them have been changed, change the parent account:

  1. Go to the Settings ⚙ icon.
  2. Select Chart of Accounts.
  3. Locate the first sub-account to change.
  4. From the Action column drop-down menu, select Edit.
  5. In the Account dialog, clear the Is subaccount checkbox.
  6. Select the new Account Type from the drop-down menu.
  7. Select the appropriate Detail Type from the drop-down list.
  8. Select Save and Close. You are prompted that changing the Account Type may affect your accounting and reporting.
  9. Select Yes in the prompt to change the account.

Repeat these steps for the remaining sub-accounts, and then change the account type of the parent account.

Return accounts to sub-account status

Once all of the accounts reflect the same account type, you can edit the sub-accounts to identify them as sub-accounts again, and link them back to the parent account.

To return accounts to sub-account status:

  1. Go to the Settings ⚙ icon.
  2. Select Chart of Accounts.
  3. Locate an account to identify as a sub-account again.
  4. From the Action column drop-down menu, select Edit.
  5. In the Account dialog, select the Is subaccount checkbox.
  6. Select the Parent account from the drop-down list.
  7. Select Save.

Repeat these steps for all of the sub-accounts.

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