Changing Item asset account without affecting closed years

JB1976 · ‎December 04, 2024

I have a number of items in my inventory that were transferred into a "slow moving" asset account and I would like to have this asset account closed and the items captured back into my main Inventory asset account. Is this possible without affecting previous closed year ends?

SashaMC · ‎December 04, 2024

Hello JB1976,

Thank you for reaching out to the QuickBooks Community! It shouldn't affect your previous closed year ends. Please note that any changes in a closed period will affect the balances of the reconciled accounts. We don't recommend making changes to the closed period since the accounts have already been reconciled.

Please let me know if you have any other questions! I will be happy to help.

BigRedConsulting · ‎December 08, 2024

No, there isn't any way to do that.

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Changing Item asset account without affecting closed years

Changing Item asset account without affecting closed years

Changing Item asset account without affecting closed years

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