How to Merge Account in QuickBooks

1. How to Merge Account in QuickBooks Accountwizy.com

2. The QuickBooks Account is very important for this time, not only very important but also it is necessary when we use the multiple desktop version of QB. It is a versatile tool of Intuit, that can scan the company file which is compulsory for multi-user, and create .nd file on the host server, etc. But in this article we will not discuss the use of Quickbooks Account we will discuss the How merge accounts in QuickBooks Online Let’s read the article to know the steps to use it: https://www.accountwizy.com/

3. How Do Merge Accounts in QuickBooks Versions? • Launch “QuickBooks Desktop”. • Then, go to the “Gear” icon. This icon should be located on the top. • Now, move to the “Chart of Accounts” option. • Here, select the “Actions” column. • Click on the “Edit” button. Make sure you click on the account that you want to keep. • After that, copy the “Name” and add a note for the “Detail Type”. • At this stage, you are supposed to locate the “Sub-account”. • Here, you have to check if the “Sub-account” option is selected or not. If it is marked then mark the type of account it is linked with. https://www.accountwizy.com/

4. Once done, click the “Cancel” button and go back to the “Chart of Accounts” menu. • Here, you can return to the account and choose the name that you don’t want to use. • Once selected, go to the “Actions” section. • Then, click on the “Edit” button. • Now, you are required to paste the name you copied earlier in the “Name” section. • Also, make sure that the information is matching available in the “Detail Type” section. • Once you match everything, you can move ahead to merge accounts. https://www.accountwizy.com/

5. How to Merge Two Bank Accounts in QuickBooks Online? • Navigate to the “Settings” menu. • Then, click on the “Chart of Accounts” option. • Select the account that you need to keep. • After this, you can click on the drop-down menu from the “Action” column. • Press the “Edit” button. • Here, you can note the detailed type and name of the account. • Now, check if the “Is sub-account” box is selected. If it is marked then you should note the parent account it is associated with. https://www.accountwizy.com/

6. Return to the “Chart of Accounts” menu. • Locate the duplicate account that you don’t want to keep. • After that, click on the drop-down menu from the “Action” column. • Press the “Edit” button. • Here, you can modify the “Detail Type” and “Name”. This will help you to match the details with the account you want to keep. • If you merge two parent accounts then ensure they do not have the sub-accounts. • But, if you want to merge two sub-accounts, then both of them should have the same parent account. • After making sure of everything, you can press the “Save” button. • Once done saving details, click the “Yes” button to confirm changes. https://www.accountwizy.com/

7. Important Consideration about Merging Accounts in QuickBooks • Retained Earnings • Opening Balance Equity • Uncategorized Income • Default Service Tax accounts • Uncategorized Expense • GST/VAT accounts • CST accounts • Default Service Income account • TDS Payable • TDS Receivable https://www.accountwizy.com/

8. Thank you….