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accounts426
Level 1

Can I delete all the transactions from my company and restart fresh from 1st January 2021

OR can I add the same company fresh from 1st January 2021
2 Comments 2
Maybelle_S
QuickBooks Team

Can I delete all the transactions from my company and restart fresh from 1st January 2021

Hello there, @accounts426.

 

If your QuickBooks Online data is less than 60 days, you have the option to purge your account if you're using QuickBooks Online Plus, Essentials, and Advanced. The system deletes all data entered into the company, and you're unable to restore or reverse them. To add a company in QBO, you can check this link for the information: Create or add company file

 

To purge the data, follow the steps listed below:

  1. Log in to your QuickBooks Online account.
  2. Change the URL to include /purgecompany.
  3. Example: URL shows https://...qbo.intuit.com/app/homepage, change to https://...qbo.intuit.com/app/purgecompany.
  4. The next screen will provide a summary of the items to be deleted.
  5. Type the word “YES” once the data gets deleted, then click OK.
  6. Click Wipe Data once your selections are complete.
  7. Once the deletion is complete, you will be rerouted to your home page.

If it's 60 days old or older, you need to cancel your account and start a new subscription.

 

To cancel your account:

  1. Go to the Gear icon and select Account and Settings under Your Company.
  2. Select the Billing and subscription tab.
  3. In the QuickBooks section, select Cancel.
  4. Follow the steps to cancel your account. If you use payroll, you should cancel your payroll account too.

To start a new account:

  1. Go to https://quickbooks.intuit.com/choose-country/.
  2. Fill up the User ID and password.
  3. You can use the same user ID and a password you previously had. If you activated payroll in the account, this is the best option for you.

For additional reference about this action, read this article: Delete your data and start over in QuickBooks Online.

 

Here are some articles that will help you manage your account:

Don't hold your back to drop a comment below if you have other questions. I'm always here to help. Have a great day!

Fiat Lux - ASIA
Level 15

Can I delete all the transactions from my company and restart fresh from 1st January 2021

@accounts426 

if your account is less than 30 days old, I would recommend to open a new blank QBO account to extend your discounted rate.

https://quickbooks.grsm.io/India