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May 5, 2024
Question

Can the accounts be reset

  • May 5, 2024
  • 1 reply
  • 0 views
I am retaking my accounting class and need to have my quickbooks reset so io can start over

1 reply

May 5, 2024

Thanks for posting in the Community, Wilma. I can help you with the steps so we can start over with QuickBooks Online (QBO). 

 

To begin with, we need to consider some factors before starting over with QuickBooks. 

 

  • We need to sign in as an admin. 
  • We need to learn to manage data and check our privacy center
  • During the process, any data that has been imported from QuickBooks Time will also be deleted
  • Find out more about moving the list to a new company so we can reuse the current list after starting over. 

 

After considering these factors, we can proceed in starting over. 

 

Here's how: 

 

If your book is 60 days old or older

 

  1. Cancel your current company. 
  2. Start a new company. 
  • Sign up for QuickBooks Online.
  • Enter your user ID and password. You can use the same user ID and password as before.
  • Optional: If your previous company had payroll, make sure to add Payroll in Step 2 of the sign-up process.

 

If your book is less than 60 days old

 

  1. Make sure your company is ready. 
  2. Delete your company data. 

 

  • Sign in to your QuickBooks Online account as an admin.
  • Once you're signed in, you can go to this web address: https://app.qbo.intuit.com/app/purgecompany
    • To confirm you want to delete your company data, enter Yes, then select OK.
    • Select your industry from the ▼ dropdown.
    • Select Create accounts based on my industryThis helps QuickBooks set up your chart of accounts after your data is wiped
    • Don't select Create an empty chart of accounts unless you've checked with your accountant first.
    • Select Wipe data.

 

You'll want to check this article for the complete steps and learn how to delete your data in QuickBooks Online and start over with new books: Delete your data and start over in QuickBooks Online

 

Moreover, you may want to refer to this article and learn how to prevent lockout with verification methods in your Intuit account: Secure your Intuit Account and prevent lockout with extra verification methods

 

I'm always here to back you up if you need more help with starting over in QuickBooks Online. The thread is open for your comments. Stay safe.