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wielandstripes-g
November 17, 2022
Question

I have to cancel my checking account and open a new one, how will this affect my historical documentation?

  • November 17, 2022
  • 1 reply
  • 0 views
Going from a partnership to Sole owner resulting in new EIN which also means I need to create a new checking account. I am concerned that I will lose all transaction history.
 

1 reply

Jen_D
Jen_D
November 17, 2022

Thanks for reaching out to us regarding this checking account change, @wielandstripes-g.

 

Before anything else, may I know if you're referring to your bank account in the Chart of Accounts or is it QuickBooks Checking? I need this information for me to help you with the information you need.

 

In the meantime, if you're referring to a checking register, the transactions are retained when you decide to make it inactive in QuickBooks or disconnect it to online banking. This is because those entries are needed for your reconciliation and for your financial statements.

 

You'll need to delete the transactions one at a time if you want to delete them. For your reference, I'll be adding these links about disconnecting or making an account inactive in QBO:

 

 

Let me know if this helps or post here again if you need further assistance. I'll be right here to help you always. All the best.

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