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Liftco
Level 3

Inventory Asset Account

How can I change my inventory asset account from 12100 to 1350?  (see attached)

2 Comments 2
ZackE
Moderator

Inventory Asset Account

Thanks for getting in touch with the Community, Liftco. I appreciate your screenshots.

 

You can change an account's number while editing it from the Chart of Accounts screen.

 

Here's how:
 

  1. In your top menu bar, go to Lists, then Chart of Accounts.
  2. Find and right-click an account you want to edit.
  3. Choose Edit Account.
  4. Make the necessary changes.
  5. Select Save & Close.

 

I've also included a detailed resource about managing accounts which may come in handy moving forward: Add, edit, or delete accounts

 

Please don't hesitate to send a reply if there's any additional questions. Have a great Friday!

BigRedConsulting
Community Champion

Inventory Asset Account

RE: How can I change my inventory asset account from 12100 to 1350? 

 

If you mean that your current default (special) inventory account is the 12100 account, the default every time you create a new inventory item, then...

 

To change the default account to 1350, and have the sub-account structure you've set up under it be sub-accounts of the special default account...

 

1) Edit each of the 1350 accounts sub-accounts and make the parent the 12100 account.

2) Edit the 1350 account and change its name to match the 12100 account: "Inventory Asset".  When QB prompts you to merge the accounts, say yes.

3) Edit the 12100 account and rename and renumber it to suit: Likely, 1350 - Inventory.

 

 

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