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Buy nowHi, Flopbot! Thanks for coming back to the thread. Let me provide some clarification about managing your accounts in your Chart of Accounts (COA) in QuickBooks Online.
First of all, yes, you can rename the accounts in the COA by clicking the Edit button. You can refer to the screenshot below for guidance.
You can also move it around between different levels of subaccounts, depending on your business needs.
Additionally, you can make a subaccount inactive by clicking the dropdown arrow beside the View register button. Then, select Make inactive.
Lastly, the option to delete an account in the COA is unavailable. This is true for both parent and subaccounts. Instead, you can merge accounts together by editing the Account name into the same one.
For more information on managing your accounts, check out this helpful resource: Make an account inactive on your chart of accounts in QuickBooks Online.
For future use, here's a guide on ensuring your QuickBooks accounts match your real-life bank statements: Reconcile workflow.
Shoot me a reply if you have other questions about organizing your COA in QuickBooks. I'll be right here ready to assist you. Keep safe!