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February 16, 2023
Question

Hi I ve 2 accounts; transaction & cash and cash equivalent accounts.How can I delete the cash and cash equivalent account?

  • February 16, 2023
  • 1 reply
  • 0 views
Hi 
I ve 2 accounts; transaction & cash and cash equivalent accounts.
How can I delete the cash and cash equivalent account?

1 reply

February 16, 2023

Hello, marioguirguis19.

 

I'll show the steps to help you take care of the Cash and cash equivalent accounts. 

 

We can inactivate the Cash and Cash equivalent account from your Chart of Accounts. Before anything else, take note that QuickBooks doesn't have the option to completely delete and remove an account. 

 

To inactivate an account: 

 

  1. On your Chart of Accounts, find the Cash and Cash equivalent account you don't need.
  2. Click the arrow icon beside Account history
  3. Select Make inactive.
  4. Click Yes on the prompt. 

 

 

To add more details, QuickBooks creates an adjusting entry if you inactivate an account with an existing balance to zero it out. 

 

I'm sure you'll also find this article helpful if you want to find out more about inactivating an account: Make an account inactive on your chart of accounts in QuickBooks Online

 

I'll also add this article if you need help reconciling your bank accounts in the near future: Reconcile an account in QuickBooks Online

 

Let me know if you have other concerns about your accounts in the Chart of Accounts. If you'd like to take care of your entries or run reports, lay down the details in your reply. I'm here to help.