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DakotahDeuel
Level 1

Combining Credit Card Accounts

Hello!

 

Here's the situation: I originally created a cc account and downloaded all my credit card transactions into QB under one credit card account titled "Divvy"

 

The credit card company was acquired and when I downloaded my next set of transactions, it wouldn't recognize the credit card so QB created a new account titled "Wells Fargo Card Services"

 

I ended up putting the Wells Fargo Account as a Sub account for Divvy so all my transactions are in one spot but now I want to merge the accounts because the beginning balance of the Wells Fargo card is throwing me an extra transaction.

 

My question is, will merging the two mess up my reconciliation? 

 

 

1 Comment 1
Maybelle_S
QuickBooks Team

Combining Credit Card Accounts

I can help combine the account, DakotahDeuel.

 

Merging the account won't affect the reconciliation, but you'll have to save the reconciliation report before combining, as it can't be saved afterward. It'll ensure that the transactions stay in the merged account and remain reconciled in QuickBooks Desktop (QBDT).

 

Please note that merging accounts is permanent and cannot be undone. Here's how:

 

  1. Go to the Accountant menu and then Chart of Accounts.
  2. Take note of the name of the account that you'd like to keep.
  3. Right-click the name of the account that you want to merge, then select Edit Account.
  4. Replace the Account Name with the one you want to keep, then Hit Save & Close.
  5. A prompt will appear. Tap Yes to merge the account. 

 

Here's the link for merging information in QuickBooks, including vendors and customers: Merge Accounts, Customers, and Vendors

 

Additionally, you can refer to this page when you add and match transactions.

 

You can always count on me if you need further assistance in managing your books and dealing with your tasks in the program. Take care.

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