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valjd
July 4, 2023
Question

Chart of Account Edits

  • July 4, 2023
  • 1 reply
  • 0 views

Hi, we have three accounts in QB that were originally posted to the Expenses account. However, they need to be changed to the COGS account instead, but QB will not allow this change since there are past entries located here. I only want to change starting 2023 for the current fiscal year moving forward. This is essential to make our P/L reports look correct.  Does anyone have an idea how I can make this change? Please advise thank you!  VAL

1 reply

T
Trish_T
July 4, 2023

Hi valjd,

 

It's nice to see you in Community.  Welcome!  QuickBooks Desktop has everything you need to accomplish your daily tasks seamlessly.  I can see how managing your accounts can be concerning in situations such as this.  I'd be happy to help!

 

Based on the information you've provided, I recommend speaking with an accounting professional for their expertise and best course of action.  Although you can add accounts to your chart of accounts and apply an identifier, such as '2023', you need to ensure it will have a positive impact on your books.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area. 

 

If you have any other questions, please don't hesitate to reach back out.  We're always glad to assist!

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