How to Change Account Types in the Chart of Accounts: Using Quick Edit and Editing with Existing Transactions

Guidelines on how to modify the account type in the chart of accounts.

Answer:

Yes, you can modify the account type in the chart of accounts through the following steps:

1. Go to Accounting.

2. Select Chart of Accounts.

3. Click Quick Edit from the top left of the page.

4. Scroll down to the account you want to modify.

5. Click the Edit icon next to the account type opposite the account you want to modify.

6. Select the new type required.

7. Click the checkmark to confirm the change.

Note:

• You can modify the account type even if there are transactions on it
• The new account type must be of the same type as the main account category. For example, if the account is a current asset, the system will show you accounts within current assets, and so on for the rest of the accounts.

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