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user98303
December 8, 2020
Question

Merge bank account

  • December 8, 2020
  • 2 replies
  • 0 views
merge new bank account

2 replies

Tori B
Tori B
December 8, 2020

Hey there, @user98303.

 

Thanks for reaching out to the Community for support. I'm happy to lend a helping hand with merging your new bank account. 

 

Please know merging accounts is permanent. You can't undo this later on. When you merge an account, all the data moves into the one you want to keep and removes the duplicate. I've included the steps to merge accounts below. 

 

  1. Choose Accounting on the left menu and click on Chart of Accounts.
  2. Look for the account you want to keep. Then, click the drop-down arrow next to View register and select Edit.
  3. Take note of the account details and click Cancel.
  4. Look for the account you want to merge. Then, click the drop-down arrow next to View register and select Edit.
  5. Change the account name and click Save.
  6. Choose Yes to confirm the merging process.

That's all there is to it. You can see more details in Merge accounts, customers, and vendors in QuickBooks Online. 

 

Please let me know if you have any questions or concerns by hitting the Reply button below. You can reach out to the Community at any time. Take care! 

    M
    mixerbobc
    June 24, 2021

    I merged 2 bank accounts.  When I did, QB said all transactions would be uncleared. My orig bank goes all the way back to 1998.  When I reconciled I had thousands of entries not cleared - they were originally.  How do I mark all those previous transactions as cleared.  They are not on my current bank statement.

    Thanks!

    Bob Clark 

    M
    MadelynC
    June 25, 2021

    I’m here to assist you with these previous transactions, Bob.


    Since the transactions aren’t on your current bank statement, you may consider ignoring them. These uncleared transactions are results of the merging process.


    Please know that merging accounts in QuickBooks Online (QBO) will move all past transactions to the account you want to keep. If the account has reconciliation reports, make sure you've saved them. This way, transactions remain on the merged account and stay reconciled.


    You can also reach out to your accountant for additional advice to ensure your records remains accurate.


    Here’s information that can help organize your chart of accounts in QuickBooks. It provides tips to ensure everything is correct and easier for you to access financial data.


    In addition, our QuickBooks Resources Center provides ways to help grow and manage your business. You can sign up by entering your email address so you’ll get the latest news.


    I'm always here to help if you have other banking questions or concerns. Just press the Reply button to add your comment. Take care!

    S
    sperez47
    June 16, 2022

    I just used this process because my bank updated there system and it had me re-add my bank to QB. After I merged it added the cash balances together. How do I update it?

    G
    Giovann_G
    June 16, 2022

    Thanks for joining in the thread, sperez47.

     

    Yes, that's correct. When you merge accounts, the data, including balances, is transferred to the account you want to keep.

     

    To be clear, do you mean updating your bank account information in QuickBooks? If so, you can do it on the Banking page. I'll show you how.

     

    1. Click Banking from the left menu.
    2. Select the Edit ✎ icon for the bank account you want to update.
    3. Choose Edit account info.
    4. Enter your updated bank info and hit Save and connect.
    5. Once you see a confirmation message, click I'm done, Let's go!

     

    Once your bank account information is updated, QuickBooks will automatically download the most recent available transactions. After that, you can categorize, match, or add them to the bank register.

     

    Should you need any additional assistance managing your bank transactions, please leave a comment below. I'll be sure to get back to you.

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