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I need to edit items that are currently posted as 'Uncat. Asset', most will be assigned 'owners pay & per. exp'. Acct, reconciled, will these edits cause a problem?

 
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QuickBooks Team

I need to edit items that are currently posted as 'Uncat. Asset', most will be assigned 'owners pay & per. exp'. Acct, reconciled, will these edits cause a problem?

Hello there, @drroles.

 

Changing the accounts of your Product and Services items will affect the balance of your books since the balances will transfer to a new account.

 

To change the account for your Product and Service item, you can follow these steps:

  1. Sign in to your QuickBooks Online (QBO) account.
  2. Go to the Gear icon.
  3. Select Product and Services.
  4. Locate the item you want to edit and click Edit from the Action column drop-down.
  5. Then make the necessary changes.

Here's an article you can read for more details in changing accounts for your Product and Service: Change the account for a product/service item.

 
I'd recommend getting in touch with your accountant on making these changes to avoid any errors. This way, we'll ensure the accuracy of your books after making these changes.
 

You might also want to check this article for reference in case you want to change your product and service item types. This will guide you through the steps by steps process: Change product and service item types in QuickBooks Online.

 

Should you have any other concerns or questions in the future, you're always welcome to post here. Our door is always open to help. Take care and stay healthy!

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