Hi lionsimba,

Great attention to detail. You're right, changing the settings will only make the changes effective for new transactions. In order to have this change affect past transactions, you'd need to delete and re-enter the transactions you've already put into your company file. The reason changes made in the program don't retroactively apply to previous transactions is because we know sometimes changes need to made to how things are set up moving forward while preserving what was entered in the past.

Feel free to leave us some feedback about this by going to the Help menu and choosing Send Feedback Online in QuickBooks Desktop. We love hearing from customers like you about ways we can make changes to the program to make running your business an even smoother process.

I'll be here should you have any further questions. Have a great weekend!