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When editing Items mapped COGS Accounts; Should I be concerned about POSSIBLE data corruption issues if I edit Items that have a lot of history? Specifically, we want to edit the mapped COGS Accounts for 20 Inventory Items (they're subaccounts, so no major financial/tax concerns). The Item history report shows theres 1700 line items that would be affected by us doing such an edit.... anyone have experience with possible issues with such an edit? I called Intuit and spoke with 2 different reps who could not provide any answers.
Editing the items linked to an account with a history of transactions shouldn't be a cause for concern, Asduffy.
When you change the mapping account of an item in QuickBooks, it asks if you want to update the existing transactions as well. You can select Yes or No based on how you want it to impact your data. I still suggest consulting your accountant before making any changes, especially for items with past transactions, as it could possibly affect your financial records.
Thus, data damage in QuickBooks Desktop can be caused by internal or external factors such as:
Please also note that creating a backup company file is important because it gives you a copy of your important data in case something goes wrong with the original file. If there's a problem with the main file, you can use the backup to restore your information and keep your business running smoothly. The steps below will guide you through the process.
You should run the condense data utility to check whether your file has hidden corruptions or not.
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