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-carolannesabol-
January 23, 2022
Question

QB added a deposit to correct for an account I deleted how do I fix it?

  • January 23, 2022
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

T
TirzahC
January 23, 2022

I'd be glad to expound your concern about restoring deleted bank account, -carolannesabol-.

 

QuickBooks Online won't completely delete a bank register to ensure that your transactions are intact. Whenever you need the account for your reference in the future, you can simply recover it by following the steps below:

 

Here's how:

  1. Go to the Gear icon and select Chart of Accounts.
  2. Above the Action column, select Settings ⚙, then check Include inactive.
  3. Find the deleted account.
  4. In the Action column, select Make active.

That's it! For more information, I recommend checking out How to Delete an Account or Restore a Deleted Account.

 

There may be certain types of accounts that are auto-generated that can't be deleted. For more details, please see this article:  Deleting special and default accounts in the Chart of Accounts.

 

If you have any other questions, feel free to hit the Reply button below. Have a good one.

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-carolannesabol-Author
January 23, 2022

Hey there thanks so much for the response!

 

So my issue is really that I accidentally created duplicates of my checking and savings and then deleted them. So now after the correction was added, my QB is reflecting double the actual balance of my bank account. Does this make sense?

M
Mich_S
January 23, 2022

Thank you for clarifying things out, @-carolannesabol-.

 

Let me share with you some information about what happens when you delete an account on your Chart of Accounts.

 

QuickBooks creates a journal entry if you make an account with a balance inactive. The remaining balance gets transferred to another account as a result of this action. Additionally, existing transactions don't disappear and stay on your financial reports. If you decide to use the account again, QuickBooks won't update the journal entry or move the amount back.

 

To make sure everything's good on your account, I'd still suggest reaching out to your accountant for further actions/changes. 

 

I'm adding this article so you'll know more details on handling accounts on your COA: Delete an account on your chart of accounts in QuickBooks Online.

 

If you'd also like to keep track and manage your transactions in QBO, check this out for reference: Customize reports in QuickBooks Online.

 

Don't hesitate to click on the Reply button if you need more help with this one or QuickBooks in general. I'm always here to assist. Stay safe.

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