I'm here to make sure you never experience the same thing again. Let me assist you in merging bank accounts, GM20161.
If you are using QuickBooks Online (QBO), the system moves all the data into the one you want to keep and removes the duplicate when you merge accounts. Our recommendation will depend on which one you prefer to retain and continue using in the program. If you want to continue using the account connected to bank feeds, we need to merge the old bank account. This depends on your preference in managing the chart of accounts.
We can still link the old one to online banking if you prefer to retain it. Let's make sure to choose the existing old account when connecting the account to bank feeds to avoid duplicates. Please be aware that account mergers are permanent. This cannot be undone later. The procedures for merging accounts are listed below:
- Choose Accounting on the left menu and click on Chart of Accounts.
- Look for the account you want to keep. Then, tap the drop-down arrow next to View register and click Edit.
- Take note of the account details and hit Cancel.
- Look for the account you want to merge. Then, tap the drop-down arrow next to View register and hit Edit.
- Change the account name and click Save.
- Press Yes to confirm the merging process.
You can check out this article for more details: Merge accounts, customers, and vendors in QuickBooks Online. Please be aware that when merging accounts in QuickBooks Online (QBO), all previous transactions will be transferred to the account you intend to keep. Then, ensure you've preserved any reconciliation reports that the account may have. Transactions are kept on the merged account and continue to be reconciled in this manner.
You can also reach out to your accountant for additional advice to ensure your records remain accurate. Here’s information that can help organize your chart of accounts. It provides tips to ensure everything is correct and easier for you to access financial data.
Additionally, we have easy-to-access articles, webinars, and video tutorials that will help you familiarize the different tasks, features, and functions of QBO. Below are the following:
Know that our door is open 24/7 in case you need further assistance with this. You can also mention me in the comment section below. This way, I'll be notified and can help you right away. Take care always.
