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Pitambn
July 26, 2023
Question

Chart of Accounts Redesign

  • July 26, 2023
  • 1 reply
  • 0 views

Hello,

 

We recently acquired another accounting firm, where their clients had an inconsistent chart of accounts. We plan to implement our standard chart of account numbering for our existing clients and are trying to find the most efficient way to implement it.

 

We've tested a manual approach (importing the standard CoA, then renaming/merging as necessary), but that took ~4+ hours. With our 100+ clients to do, it just does not seem the most apropriate.

 

Is there a faster way to update an existing chart of accounts for a new structure while preserving the existing history? (opening a new QBO for each client is not an option)

1 reply

J
JamesM4
July 26, 2023

Hello Pitambn,

 

Congratulations on acquiring another accounting firm. I'll be happy to share information so you can continue to streamline your accounting with QuickBooks.

 

According to the details you've shared above, it's important to note that the manual process you've described is the one that's available in the program. I see the benefit of having a faster method and I recommend using third-party data management apps that you can search for on our site www.apps.com. I recommend choosing an app that suits your business needs based on the app description and reviews. 

 

In the meantime, feel free to ask other questions in the comments below. I'm here to help you achieve your QuickBooks goals. 

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