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Chart of Accounts

Deleting special and default accounts in the Chart of Accounts

Deleting special and default accounts in the Chart of Accounts
QuickBooks Help
There are many accounts created by QuickBooks at the time the company is created, and others that appear when features are turned on in preferences. Some can be deleted or edited and others cannot…

Accounts that cannot be deleted or used for anything else:

  • Credit Card Receivables
  • Undeposited Funds
  • Opening Balance Equity
  • Retained Earnings
  • Inventory/Stock Assets
  • Cost of Goods Sold/Cost of Sales
  • Reconcile/reconciliation Discrepancies
  • Unapplied Cash Payment Income

Cannot be deleted or merged but can edit the name:

  • Services
  • Uncategorized Expense
  • Uncategorized Income
  • Uncategorized Asset
  • Owner’s Equity
  • (Sales tax agency name, ie GST/VAT) Payable

 

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