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claudianiss
Level 1

Can I change the date of a newly created account in chart of accounts to be active as of 01/01/2023, instead of todays date, the date created?

Can I change the date of a newly created account in chart of accounts to be active as of 01/01/2023, instead of todays date, the date created?
4 Comments 4
celticone
Level 1

Can I change the date of a newly created account in chart of accounts to be active as of 01/01/2023, instead of todays date, the date created?

The date of the account being active does not related to the ability to post transactions to that account. If you can give some additional information, I would be glad to help.

CamelleT
QuickBooks Team

Can I change the date of a newly created account in chart of accounts to be active as of 01/01/2023, instead of todays date, the date created?

Let me shed some light on changing the date of a newly created account in the Chart of accounts(COA) in QuickBooks Online (QBO), claudia.

 

When you create an account in QBO, you can only set the As of date field once. If you've already set it to a certain date, you can't change it. However, if the account has no transactions yet or its balance is $0, you can make it inactive. Then, create a new account and enter your desired date in the As of area. 

 

To make an account inactive on your COA in QBO, please follow the steps below:

 

  1. Click the Gear icon and choose Chart of accounts.
  2. Locate the name of the account you want to make inactive.
  3. Select the dropdown arrow in the ACTION column.
  4. Hit Make inactive. You'll receive a prompt message. Tap Yes, make inactive to confirm.

    as of create account.PNG

    make inactive.PNG

 

Once done, create a new account and enter your desired active date. Here's how:

 

  1. Go to Settings and tap Chart of accounts.
  2. Click New. Then, fill in the details.
  3. Fill out your desired date (01/01/2023) in the As of field.
  4. Hit Save.

If there's already a balance or entries, you'll need to transfer them before deactivating. This is to maintain accurate financial records.

Please refer to this article for further information on what actions to take before inactivating an account from the Chart of Accounts
Make an account inactive on your chart of accounts in QuickBooks Online.

 

I'm here to help you every step of the way, claudia. If you have additional questions regarding creating an account or making it inactive, please don't hesitate to ask. Getting your concerns resolved is important to us. 

Emma1964
Level 1

Can I change the date of a newly created account in chart of accounts to be active as of 01/01/2023, instead of todays date, the date created?

HI thanks for your information on changing the start date of an account but does this only apply to Balance sheet accounts 

JoanaC
QuickBooks Team

Can I change the date of a newly created account in chart of accounts to be active as of 01/01/2023, instead of todays date, the date created?

I'm happy to shed some clarification about the start date, Emma1964.
 
It's important to note that changing the As of date will only apply to balance sheet accounts because they are the only type of account that have this field. They represent a snapshot of the company's financial position at a specific moment in time.On the other hand, profit and loss accounts monitor a company's revenue and expenses over a period of time, usually monthly or annually.
 
Unlike balance sheet accounts, they don't have an As of date since they represent the company's financial performance over a period of time rather than a single moment. As mentioned by celticone above, the date on which an account is set up is not directly related to the ability to post transactions to that account.

Let me share this article to assist you with your reports and chart of accounts:
 

 

Don't hesitate to comment below if you still have other concerns about your Charts of Accounts. Have a great day.
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