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Chart of Accounts Transactions

#QuickBooks – How do I start with a blank chart of accounts in QBO?

If you’re a new customer and are within the first 60 days of having set up your account, you can delete all of the existing data and start over from scratch. If your account has been setup for more than 60 days you will need to cancel your current company and start a new company in order to start from scratch.

To complete the process, follow the instructions below:

Log in to your QuickBooks Online company.
Change the URL to include /purgecompany instead of /homepage

EXAMPLE:

URL shows: https://qbo.intuit.com/c27/app/homepage
Change to: https://qbo.intuit.com/c27/app/purgecompany

Steps:

  1. Change url to /purgecompany
  2. Enter YES
  3. Select Create an empty chart of accounts (select only with the advice of an accountant)
  4. Click Wipe Data
  5. Done. It will automatically take you back to the home page.

This option is available in Plus Plan and Essentials Plan. It is not available in Simple Start.

Click on the screenshots below to enlarge them
1purgecompany
2purgecompany
3purgecompany

Depending upon company type selection, QBO will keep only few default accounts. Do not delete those accounts.

4cleancoa

Tutorial Video

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#QBO Plus and Essentials