Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
It is great to have you here in the QuickBooks Community, @IT_Fiona. I'm happy to share more information about the Chart of Accounts.
When you set up your company in QuickBooks Online, certain default accounts in your chart of accounts are automatically created based on the type of business entity you choose. It's important to note that some default accounts cannot be modified.
It isn't possible to replace or delete the default account on the Chart of Accounts (COA) in QuickBooks Online (QBO). If you try to do so, you may encounter an error. Importing your COA to QBO is preferable to creating it manually. You can follow these steps on how:
- Sign in to QuickBooks Online.
- Select Gear icon ⚙. Then select Import Data.
- Select Chart of Accounts.
- To upload a file from your computer, select Browse and choose the file. Then select Open.
- Select Next.
We will explain which default accounts are generated for each business entity, and which accounts you can alter, combine, or deactivate. You can check this article to learn more about default accounts: Manage default and special accounts in your QuickBooks Online chart of accounts.
Moreover, let me share this article to learn more about deleted accounts on reports: Remove deleted accounts from reports in QuickBooks Online.
Leave a comment if you still have questions about your banking. Have a great day, and take care.