By Amanda Karen | CrunchSum
What if through the course of recording transactions in QuickBooks you discover that an account that should be tracked as an asset, is being recorded as an income account instead? To correct this, you will want to change the account type. This is a very simple and straightforward task that can be completed in 3 easy steps.
Step 1: Open Chart of Accounts
You can access the account you want to change by opening your Chart of Accounts.
Step 2: Find Your Account
Find the account you want to change and select to Edit Account.
Step 3: Change Account Type
Change the current account type to the correct type by clicking on the drop down menu in the Account Type field. Save and close.
Easy enough, right?
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CrunchSum provides web-based bookkeeping and QuickBooks support services to web and technology companies.