Changing Expense Account Codes from Transaction to Headings

Question

Our company has decided to add sub-category account expense codes based on FY23 budget, this is an easy process to do. The problem is that the main heading account code to be used for the new sub-category account codes is the current&nbsp; account code used for all previous financial year transactions. Is it possible to change these account transaction codes to the heading account codes without affecting previous year transaction history as I also need to add the new budget for reporting purposes? We have not yet closed the FY22 as audit has not commenced yet so not sure if this is possible?&nbsp;

lrbooks61 · Answer

Hi&nbsp;i would suggest that you make the original gl accounts inactive and create new header accounts&nbsp;as you will still need to access the original accounts and you probably don't want to make them inactive yet , perhaps you could regig &nbsp;the name so you know not to use . Eg DO NOT USE FOR CURRENT or something else meaningful until you can make inactive&nbsp;&nbsp;Lisa

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Changing Expense Account Codes from Transaction to Headings

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