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arif-karim
Level 1

Why my Default Account for Accounts Payable Changed From 1st June 2020..? How I Can Correct the Default Account..?

 
1 Comment 1
ShiellaGraceA
QuickBooks Team

Why my Default Account for Accounts Payable Changed From 1st June 2020..? How I Can Correct the Default Account..?

Someone might have been posted the wrong accounts payable account through journal entry, @arif-karim.

 

If you're not using the incorrect account, you can consider merging these two accounts. Your default A/P accounts in QuickBooks is the one created when you set up your company.

 

To merge accounts:

 

  1. Go to Accounting, then Chart of Accounts.
  2. In the account that you want to keep, select the drop-down ▼ in the Action column.
  3. Select Edit. Take note of the name and detail type. Check if the Is sub-account option is marked. If it's marked, remember the parent account associated.
  4. Tick Cancel to return to the Chart of Accounts.
  5. In the account that you don't want to use, select the drop-down ▼ in the Action column. Choose Edit. Remove the symbol in the name of the account before merging to avoid a possible error.
  6. Change the Name and Detail Type, then mark Is sub-account as appropriate. Remember the following regarding the sub-account option:
    • If you’re merging parent accounts, make sure they don’t have existing sub-accounts.
    • If you’re merging sub-accounts, make sure they are associated with the same parent account.
    • If only one is a sub-account, make it a parent account by clearing the Is sub-account option.
  7. Click Save, then Yes to confirm.

You can create a test transaction to see the default account posted. You can also edit the journal entry transaction to correct the wrong account. Feel free to check this article about merging accounts at this link: How to merge accounts, customers, and suppliers.

 

We also have a guide on running account reports that I'm sure you'll find helpful. It contains information and steps to help you view and customize your reports.

 

That'll do it. Feel welcome to come back to this thread if you have other questions or concerns. We're always here to assist you. Thanks for visiting us today and have a lovely weekend.