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Carneil_C
QuickBooks Team

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Thanks for joining this thread and sharing your concern, Mike.

 

I'm here to lend a hand to provide information about managing your accounts in QuickBooks Online (QBO).

 

I can imagine the experience you've been through when your bank had to deal with fraud issues. I also appreciate your interest in the current asset concept. Regarding the name of the Other Current Asset, it ultimately depends on what name you prefer to give it.

 

If you need additional assistance or have further questions regarding your books, I recommend reaching out to your accountant. They can provide you with professional advice and ensure the accuracy of your account. If you don't have one, you can use our accountant tool to look for one.

 

For more information on adding accounts to your chart of accounts, check out this handy reference: Add an account to your chart of accounts in QuickBooks Online.

 

If you want to make one inactive, you can also read this guide for a detailed process: Make an account inactive on your chart of accounts in QuickBooks Online.

 

Feel free to reply on this thread if you have further concerns about your accounts in QBO. I'm here to help. Take care always.

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