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I do accounting for my church and we use classes in QB to track funds designated for specific purposes (General Funds, Youth Group Funds, Building Fund, etc.) Occasionally we have a special project I will build a class for and then once the project ends, it is no longer needed. I know you can inactivate the class, however, is there a way to transfer the funds in the class into another class? For instance, we raised money to replace the HVAC system in the building. That project is complete and came in under budget (YAY!) but there is now money tagged in the HVAC class and it shows a balance when I run all of my reports by class. I would like to move those funds tagged with the HVAC class into the Building Fund class and then inactivate the HVAC class.
Is there a transaction to process that will accomplish this? If not, any ideas of how to remedy this? It's important because we use this fund/class method to show the true balances of what we have in each "fund" at any given time.
Thanks in advance for any suggestions!