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bullcityolive
Level 1

I want to change the "type" of account from "bank" to "expense" in my chart of accounts. How do I do that?

 
1 Comment 1
MaryAnn_E
QuickBooks Team

I want to change the "type" of account from "bank" to "expense" in my chart of accounts. How do I do that?

Hi there, @bullcityolive.
 

What you will need to do here is inactivate this "Bank" account and create a new one under the "Expense" type.

 

Here's how:

  1. Select the Gear icon on the Toolbar.
  2. Under Your Company, choose Chart of Accounts.
  3. Find the account you want to delete.
  4. Select the drop-down in the Action column, then choose to Make Inactive.
  5. Select Yes to confirm.

 

For more details about this process, you may read through this link: How to deactivate an account or restore a deactivated account.

 

Next, you need to create a new income account.

  1. Go to Settings ⚙, then select Chart of Accounts.
  2. Select New to create a new account.
  3. In the Account Type, ▼ the dropdown menu chooses an account type.
  4. In the Detail Type ▼ dropdown, select the detail type that best fits the types of transactions you want to track. Learn more about detail types.
  5. Give your new account a name. You can use the info under the detail type to add a name that fits.
  6. Add a description.
  7. If you’re adding a sub-account, select Is sub-account and then enter the parent account. If you need help, learn more about parent accounts and subaccounts.
  8. Choose when you want to start tracking your finances. In the Unpaid Balance field, enter the amount in the account, and determine the as of date. Enter today's date if you want to start tracking immediately.
  9. Select Save and Close.

 

Let me know if I can help with anything further! I am happy to help.

 

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