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How to Delete and Restore an Account in QuickBooks Online

· 3 min read
Debits

Introduction​

Managing your chart of accounts in QuickBooks Online is essential for keeping your financial records organized and accurate. There may be times when you need to delete an account that is no longer in use or restore an account that was previously deleted. This guide will walk you through the steps to delete and restore an account in QuickBooks Online.

Why Delete an Account?​

  • Streamlining: Simplify your chart of accounts by removing obsolete accounts.
  • Clarity: Maintain clear and organized financial records by eliminating unnecessary accounts.
  • Error Correction: Remove incorrectly created accounts to ensure accurate records.

Steps to Delete an Account in QuickBooks Online​

Follow these steps to delete an account in QuickBooks Online:

Step 1: Log In to QuickBooks Online​

  1. Open QuickBooks Online: Navigate to the QuickBooks Online website and log in with your credentials.

Step 2: Access the Chart of Accounts​

  1. Go to Accounting: From the left-hand menu, select 'Accounting'.
  2. Select Chart of Accounts: Click on 'Chart of Accounts' to view your list of accounts.

Step 3: Delete the Account​

  1. Find the Account: Locate the account you want to delete.
  2. Select the Account: Click on the dropdown arrow next to the account name.
  3. Delete the Account: Choose 'Make inactive'. Confirm the action when prompted.

Why Restore an Account?​

  • Data Recovery: Recover previously deleted accounts if they are needed again.
  • Historical Accuracy: Maintain historical accuracy by restoring accounts linked to past transactions.
  • Business Needs: Reactivate accounts if business needs change.

Steps to Restore an Account in QuickBooks Online​

Follow these steps to restore an account in QuickBooks Online:

Step 1: Log In to QuickBooks Online​

  1. Open QuickBooks Online: Navigate to the QuickBooks Online website and log in with your credentials.

Step 2: Access the Chart of Accounts​

  1. Go to Accounting: From the left-hand menu, select 'Accounting'.
  2. Select Chart of Accounts: Click on 'Chart of Accounts' to view your list of accounts.

Step 3: Show Inactive Accounts​

  1. Include Inactive Accounts: Click on the Gear icon above the action column in the Chart of Accounts. Check the box for 'Include inactive'.

Step 4: Restore the Account​

  1. Find the Inactive Account: Locate the account you want to restore in the list of inactive accounts.
  2. Activate the Account: Click on 'Make active' next to the account you wish to restore.

Best Practices for Managing Accounts​

  • Regular Reviews: Periodically review your chart of accounts to keep it streamlined and relevant.
  • Clear Naming Conventions: Use clear and consistent naming conventions for accounts.
  • Consult with an Accountant: When in doubt, consult with your accountant to ensure proper account management.

Conclusion​

Deleting and restoring accounts in QuickBooks Online is a straightforward process that helps maintain the accuracy and organization of your financial records. By following the steps outlined in this guide, you can efficiently manage your chart of accounts to meet your business needs.