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J
JV21
January 21, 2021
Question

Will I lose transaction history if I close a bank account?

  • January 21, 2021
  • 1 reply
  • 0 views

I am currently in the process of re organising my banking structure and will be moving all of my business banking to another bank. In the process I want to close all of my existing accounts, which are currently linked with my Quickbooks online account. If I do this will I lose all of my linked transaction information in Quickbooks? 

Would it be better for me to keep these bank accounts open, or will QB keep records of all of the synced transactions even after? 

Thanks 

1 reply

C
Catherine_B
January 21, 2021

Hello there, JV21.

 

When you disconnect an account stops QuickBooks from downloading new transactions and your existing accounting data won't change. However, the system deletes transactions that still need to be categorised in the For review tab. I'd suggest adding and matching them first so they'll be moved to your register. 

 

To disconnect, you can follow these steps: 

 

  1. Go to the Banking or Transactions menu. Then, click Banking.
  2. Click the bank account.
  3. Select the pencil icon and then click Edit account info.
  4. Check the Disconnect this account on save box. 
  5. Select Save and Close.

To know more about the difference between deleting and disconnecting an account, you can use this page: Disconnect or delete accounts connected to online banking.

 

Let me know if you have other questions. Take care and have a great day!

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