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Pour me
October 29, 2018
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How to delete credit card in chart of accounts

  • October 29, 2018
  • 3 replies
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Best answer by PreciousB

It’s great to see you here, Pour me.


I got you covered. Let me show you how to delete a credit card in the Chart of Accounts.

  1. Select Accounting on the left, choose Chart of Accounts.
  2. Find the credit card account you want to delete in the list.
  3. In the Action drop-down, select Delete.
  4. Confirm that you want to delete the account.

Just a friendly reminder, here are the things that happen when you delete a credit card account from QBO:

  • The account will be made inactive in QBO.
  • If the account has a non-zero balance, QBO will make an adjusting transaction.
  • Although you can make a deleted account active again, you may need to make corrections to journal entries and balances.

Take a look at this article for more insights: Disconnect or delete an account.


That’s it. Of course, let me know if you need anything else, I'm here to answer them and help you out. Have a good day!

3 replies

PreciousB
PreciousBAnswer
October 29, 2018

It’s great to see you here, Pour me.


I got you covered. Let me show you how to delete a credit card in the Chart of Accounts.

  1. Select Accounting on the left, choose Chart of Accounts.
  2. Find the credit card account you want to delete in the list.
  3. In the Action drop-down, select Delete.
  4. Confirm that you want to delete the account.

Just a friendly reminder, here are the things that happen when you delete a credit card account from QBO:

  • The account will be made inactive in QBO.
  • If the account has a non-zero balance, QBO will make an adjusting transaction.
  • Although you can make a deleted account active again, you may need to make corrections to journal entries and balances.

Take a look at this article for more insights: Disconnect or delete an account.


That’s it. Of course, let me know if you need anything else, I'm here to answer them and help you out. Have a good day!

    P
    Pour meAuthor
    October 31, 2018

    Thank you! 

      D
      dlee
      March 9, 2020

      I added a new credit card to link to our Quickbooks account (it was a new number of an existing credit card with Bank of America). I specified the dates that I wanted the new data to download into Quickbooks. But, it looks like I requested transaction from the last year instead of the last month. So, in addition to 233 unwanted transactions, there is also a corresponding balance in Opening Balance Equity. Can I delete the entire account without individually deleting each transaction? Also, I want the Equity balance to go away too. 

       

      Can you help?

      Michael K
      Michael K
      March 9, 2020

      Thanks for joining the thread, @dlee.

       

      I'm happy to help you batch delete those unwanted transactions. It's super easy and you'll be doing it like a pro in no time. Check it out:

       

      1. Go to Banking on the left menu.
      2. Select your credit card account at the top.
      3. At the top of the transaction list, tick the checkbox.
      4. From the Batch actions button, choose Exclude Selected.

       

      That's it! Excluding the transactions will move them to the Excluded tab on the Banking screen and won't add them to your register.

       

      If you'd like to learn more about reviewing transactions, I recommend checking out: Match and categorize bank transactions in QuickBooks Online

       

      Let me know if you have any additional questions. I'm always here to help. Have a great week ahead!

      A
      AbegailS_
      March 22, 2023

      Hi there, @LisIsTheBoss. 

       

      Since we want to ensure your transactions are intact and reports unchanged, deleting an account hasn't been made available in QBO. That's the reason why there's no delete option on your end. You have the option to make accounts inactive, so they remain as part of your company data. You also have the option to restore inactive accounts at any time.

       

      Here's how:

       

      1. Go to Settings ⚙ and select Chart of accounts.
      2. Find the account you want to delete.
      3. Select the Action ▼ dropdown and select Make inactive.

      I would also recommend checking out this article for additional information: Delete an account on your chart of accounts in QuickBooks Online.

       

      Also, to learn more about your chart of accounts and which default or special accounts can be deleted, edited, or merged in QBO, I'd recommend checking out these articles:

       

       

      Let me know in the comments if you have other concerns about managing accounts in your Chart of Accounts in QBO. I'll gladly help. Take care, and I wish you continued success. 

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