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mlifeinternation
Level 1

I put a beginning balance in bank account that shouldn't have a beginning balance and want to change?

I want to delete a chart of account or delete it entirely.
1 Comment 1
GlinetteC
Moderator

I put a beginning balance in bank account that shouldn't have a beginning balance and want to change?

I can help you with deleting/changing an incorrect beginning balance, mlifeinternation.

 

We can simply change it via the Register. The process is super easy and I'd be glad to walk you through the outlined steps. Here's how:

 

  1. Go to the Settings icon and select Chart of Accounts.
  2. Locate the bank account, and then click View register.
  3. Find the opening balance entry.
  4. Click the Edit button and delete/modify the amount.
  5. Select Save.

If you wish to delete it entirely in the Chart of Accounts, here's how to do the tasks:

 

  1. Click on the Settings icon and select Chart of Accounts.
  2. Look for the account that you want to delete.
  3. Click the drop-down arrow beside the View register, and choose Delete.
  4. Click Yes when asked if you want to delete.

The account will then be made inactive. If you find that you need to use the account again, you can easily make it active.

 

Here's an article that offers additional details about using the Chart of Account in QBO: Understand the chart of accounts in QuickBooks

 

Keep me posted if you have any other additional concerns. I'll be happy to help you out.

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