cancel
Showing results for 
Search instead for 
Did you mean: 
userimripersiado
Level 2

Changing a product's account

Hello,

 

I assigned the wrong account to a product and had a couple of sales. Now that I realized that it's wrong, I change the assigned account of the product. The account in the balance sheet didn't update accourdingly. What are my options?

 

Thank you!

Solved
Best answer February 11, 2021

Best Answers
Catherine_B
QuickBooks Team

Changing a product's account

Hello there, userimripersiado.

 

When you update the service and non-inventory item, you have the option to select the Also update this account in historical transactions checkbox. For inventory items, on the other hand, it'll only affect future transactions. To update the historical transactions, you'll have to edit each transaction and toggle the item again manually. 

 

For more details in tracking your inventory, you can check out this link: Set up and track your inventory in QuickBooks Online.

 

Let me know if you have other questions. Have a good one!

View solution in original post

1 Comment 1
Catherine_B
QuickBooks Team

Changing a product's account

Hello there, userimripersiado.

 

When you update the service and non-inventory item, you have the option to select the Also update this account in historical transactions checkbox. For inventory items, on the other hand, it'll only affect future transactions. To update the historical transactions, you'll have to edit each transaction and toggle the item again manually. 

 

For more details in tracking your inventory, you can check out this link: Set up and track your inventory in QuickBooks Online.

 

Let me know if you have other questions. Have a good one!

View solution in original post

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up