QuickBooks Tip: How To Merge QuickBooks Accounts

QuickBooks Video Tip: How To Merge QuickBooks Accounts

Most common error that customers often face in QuickBooks is that users have a tendency to make the graph and or chart of accounts much too complicated. This may happen when there are multiple users recording transactions in QuickBooks or if you have turnover in your bookkeeping department. You may find that you have several accounts arranged up that you really feel should all be combined as one account. If you find yourself in this example you may want to merge your QuickBooks accounts. Get help and support to merge Quickbooks accounts, which is just a phone call away. The process is quite easy but might not be apparent to a new QuickBooks consumer. This video demonstration will show you how to merge balances in QuickBooks.

When to Consider Merging QuickBooks Company Accounts

 I do believe you should consider merging QuickBooks accounts when you are finding accounts titles that are extremely similar. You might be looking at a very complicated chart of accounts and it might not exactly be necessary to have it separated into such detail. Often when your chart of accounts becomes overly complicated your financial information becomes less meaningful. Simply by simplifying your chart of accounts through merging accounts your financial reports can become more meaningful. Visit Quickbooks Support Site to get step-by-step help and troubleshooting steps to merge accounts in QuickBooks. For everything else on Quickbooks please visit www.quickbookshelp.support website to get support on Quickbooks from certified technicians.

When you have multiple people dealing with entering transactions into QuickBooks or high turnover in your bookkeeping position you may find yourself with a complicated chart of accounts. This is because each user might not exactly classify a particular transaction in the same account an additional user. Therefore, your QuickBooks chart of accounts will develop and your account coding may become inconsistent. One example that I often see is two expense balances for repairs; one called repairs and maintenance and another called building repairs. Unless, you need this level of detail you can probably incorporate these accounts into one bank account. You may incorporate accounts in QuickBooks by merging them.

How you can merge QuickBooks company accounts

Merging accounts in QuickBooks can be quite simple once you know how to do it. Adhere to these simple steps to merge QuickBooks accounts:

  1. Recognize the two or more accounts that you would like to mix together.
  2. Choose which bank account you would like to maintain the name of to merge all other company accounts into. Then right click on the account you want to keep and copy the account name.
  3. Now go to the account(s) you want to merge into the accounts you are keeping, right click and select change. Then paste the name of the account you want to merge into and hit save and close.
  4. This will bring up a message that says 'This name is already being used. Would you like to combine them? ' Select yes and you have successfully merged your accounts.

You can merge other things in QuickBooks like customers, vendors and items by next the same procedures. Blending accounts in QuickBooks is a good way to simplify your chart of accounts and keep your coding a little more organized and meaningful.

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