How to Delete Chart of Accounts in QuickBooks Online?

by James Antonio

Are you sure you want to delete chart of accounts in QuickBooks Online account?

Do you know that if you delete chart of account you will lose all the data from your account?

Yes, if you delete Chart of Accounts from your QuickBooks Online account then you lose all the data of your account. As the Chart of Accounts is the core of QuickBooks software. It has all the details of all the accounts.

Delete Chart of Accounts in QuickBooks Online

Here you get to know about the Chart of accounts and also how you can delete the Chart of Account in QuickBooks Online.

About Chart of Accounts in QuickBooks software

In QuickBooks, the name Chart of Accounts itself defines its working and nature. It have all the accounts in it that are used into your QuickBooks account. It has a list of the account with their information like transactions, account balances, things happening in it, etc. you can also use the chart of accounts to categorize the transactions such as taxes, sales, reports, etc.

Why Chart of Accounts is Important?

The Chart of Accounts is important because it is the core of QuickBooks that have all the accounts stored in it with all the information. You want to know about money in each account or report of account, or transactions done, etc. If you want to know anything related to any account then you can open up the Chart of Accounts. It has all the details that you want to know about each account.

What Happens when you Delete the Chart of Accounts from your QuickBooks Online account?

First of all, to delete the Chart of Accounts from your QuickBooks online account; you have to delete all the accounts one by one. This way your Chart of Accounts got deleted and it has no information saved in it. It means you are now not able to check any details related to any account that you have previously into your QuickBooks account. Your QuickBooks account is of no use now as it don’t have any reports to make, any transactions to see, or any tax forms to fill.

To delete the chart of account you have to make all the accounts inactive. The steps to inactive or delete Chart of Accounts are as follows:-

  1. In QuickBooks Online software.
  2. Click on the Gear icon that is settings icon.
  3. Select the Chart of Accounts.
  4. It opens up the Chart of Accounts window.
  5. In this you have to delete all the accounts one by one by following the steps below:-
    • Choose any one account or all accounts
    • Then click on the Action drop-down button
    • From drop-down options, choose the Make inactive option
  6. This makes the accounts inactive that works as deleted accounts.

Now, you are not able to see any account in Chart of Accounts.

To Check the Inactive Accounts Follow the Steps:-

  1. Go to the Settings that is Gear icon in QuickBooks Online account.
  2. Select Chart of Accounts option.
  3. Further, you have to find the account that you make inactive that is the whole chart of accounts list.
  4. Now, select the option Include inactive that is tick mark the checkbox.
  5. It shows you all the accounts as you delete the whole list to delete chart of accounts.

How many Types of Accounts are there in Chart of Accounts in QuickBooks Online?

As you get to know that chart of accounts have many accounts listed in it. So it is categorized according to their types like income, expense, liability, etc. Here, you get to know all the categories that are available in Chart of Accounts in QuickBooks. These category types are as follows:-

  1. Liabilities- This category is related to the money or things that you have purchased but have not paid the amount yet. In other words, you owe the things or money from vendor or someone.
  2. Assets- This category has all the things that you buy for your business like vehicles, building, equipment, and many other things.
  3. Expenses- When you spend money on the operations or things related to your business counted in the Expense category. These things are like supplies, rent, utilities, etc.
  4. Income- It is related to all the money that you get into your business account on the regular basis such as revenue, sales income and many others.

You get all the types with their descriptions so that you can identify which account is belong to which category. The account are required to transfer so it is not going to affect the financial reports or balance sheet that you make into your QuickBooks account.

In above article, you get to know how to delete the Chart of Accounts in QuickBooks Online. It explains about chart of accounts, importance of chart of accounts in QuickBooks, and also the categories of account it has.


Need Some one on one QuickBooks Assistance?


How to Check the Deleted Account in QuickBooks Online?

When the account is deleted then it becomes inactive. So in this case, you are not able to see that account. For that, you have to do the steps below:-

Go to the Accounting menu in QuickBooks Online.
Then click on the Gear icon.
Further, you have to tick mark the checkbox named include inactive.
Then it refreshes the page and shows you the inactive accounts in the list of accounts.

How to Disconnect an Account from QuickBooks Online?

In QuickBooks Online, go to the left side menu.
Then click on the Banking menu option.
Further select the Banking tab.
You have to select the tile for the bank account.
Click on the Pencil icon that means Edit option.
Select Edit account info.
You see a checkbox named Disconnect this account on Save; so tick mark on the checkbox.
In the end, click on Save and Close button.

What Accounts are Counted in Income and Expense accounts in Chart of accounts of QuickBooks Online?

Income
Other Income
Expense
Other Expense
Cost of Goods Sold
Job Costs

Features of Dancing Numbers for QuickBooks Desktop

Imports

Imports

Exports

Exports

Deletes

Deletes

Customization

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Supported Entities/Lists

Dancing Numbers supports all QuickBooks entities that are mentioned below:-

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Receive Payment
Estimate
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Item Receipt
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Banking Transactions

Check
Journal Entry
Deposit
Transfer Funds
Bank Statement
Credit Card Statement
Credit Card Charge
Credit Card Credit

Employee Transaction / List

Time Tracking
Employee Payroll
Wage Items

Others

Inventory Adjustment
Inventory Transfer
Vehicle Mileage

Technical Details

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Accountant Pro

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Frequently Asked Questions

 
How and What all can I Export in Dancing Numbers?

You need to click "Start" to Export data From QuickBooks Desktop using Dancing Numbers, and In the export process, you need to select the type you want to export, like lists, transactions, etc. After that, apply the filters, select the fields, and then do the export.

You can export a Chart of Accounts, Customers, Items, and all the available transactions from QuickBooks Desktop.


How can I Import in Dancing Numbers?

To use the service, you have to open both the software QuickBooks and Dancing Numbers on your system. To import the data, you have to update the Dancing Numbers file and then map the fields and import it.


How can I Delete in Dancing Numbers?

In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option.


How can I import Credit Card charges into QuickBooks Desktop?

First of all, Click the Import (Start) available on the Home Screen. For selecting the file, click on "select your file," Alternatively, you can also click "Browse file" to browse and choose the desired file. You can also click on the "View sample file" to go to the Dancing Numbers sample file. Then, set up the mapping of the file column related to QuickBooks fields. To review your file data on the preview screen, just click on "next," which shows your file data.


Which file types are supported by Dancing Numbers?

XLS, XLXS, etc., are supported file formats by Dancing Numbers.


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Dancing Numbers offers four varieties of plans. The most popular one is the basic plan and the Accountant basic, the Accountant pro, and Accountant Premium.


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We provide you support through different channels (Email/Chat/Phone) for your issues, doubts, and queries. We are always available to resolve your issues related to Sales, Technical Queries/Issues, and ON boarding questions in real-time. You can even get the benefits of anytime availability of Premium support for all your issues.


How can I Import Price Level List into QuickBooks Desktop through Dancing Numbers?

First, click the import button on the Home Screen. Then click "Select your file" from your system. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file.

To review your file data on the preview screen, just click on "next," which shows your file data.


What are some of the features of Dancing Numbers to be used for QuickBooks Desktop?

Dancing Numbers is SaaS-based software that is easy to integrate with any QuickBooks account. With the help of this software, you can import, export, as well as erase lists and transactions from the Company files. Also, you can simplify and automate the process using Dancing Numbers which will help in saving time and increasing efficiency and productivity. Just fill in the data in the relevant fields and apply the appropriate features and it’s done.

Furthermore, using Dancing Numbers saves a lot of your time and money which you can otherwise invest in the growth and expansion of your business. It is free from any human errors, works automatically, and has a brilliant user-friendly interface and a lot more.


Why should do you change the Employee status instead of deleting them on QuickBooks?

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.


Is it possible to use the Direct Connect option to sync bank transactions and other such details between Bank of America and QuickBooks?

Yes, absolutely. You can use the Direct Connect Option by enrolling for the Direct Connect service which will allow you access to the small business online banking option at bankofamerica.com. This feature allows you to share bills, payments, information, and much more.


Why should do you change the Employee status instead of deleting them on QuickBooks?

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.


What are the various kinds of accounts you could access in QuickBooks?

QuickBooks allows you to access almost all types of accounts, including but not limited to savings account, checking account, credit card accounts, and money market accounts.

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Bulk import, export, and deletion can be performed with simply one-click. A simplified process ensures that you will be able to focus on the core work.

Worried about losing time with an error prone software? Our error free add-on enables you to focus on your work and boost productivity.

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