How can I create a copy of my QB (online) company file and then delete some accounts from the Chart of Accounts and give to new owner with invoices in place, etc.??
Sorry, that is not what I'm looking to do. Basically I want to fully copy our existing QBO Company file. Once I have the copy, I will delete some specific accounts under the Chart of Accounts. Then I want to give this file to the new owner so they can use going forward. All previous invoices, bills, etc. need to stay in place for old Company file and new Company file. Since we are not closing the existing Company, we do not want to just have them use the same file.
"Basically I want to fully copy our existing QBO Company file. Once I have the copy, I will delete some specific accounts under the Chart of Accounts. Then I want to give this file to the new owner so they can use going forward. All previous invoices, bills, etc. need to stay in place for old Company file and new Company file. Since we are not closing the existing Company, we do not want to just have them use the same file."
That's not really an option. You can't delete accounts from the COA if they contain transactions. They can be made inactive, but they can be made active again by the new owners. You can delete the transactions in the accounts but that changes the financials, obviously.
I'm sure you're aware of this, so forgive me if that's the case, but if this was an asset sale, your books are not theirs and they should be starting their own. If this was a stock sale, then you should not be amending the COA. Why not export the data you want to give them and then have them upload that to their own QB company?
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