Merging accounts - Bank rules

Hi Zappy 


We do recommend speaking with your accountant about Combining an accounts. 

Here's an example on how you can merge/combine two accounts.

Go to the Accounts command centre and click Accounts List. The Accounts List window appears.

Click Combine Accounts. Note that you can't combine header accounts (these accounts appear in bold).

The Combine Accounts window appears.

Select the primary account from the Primary - Move all transactions to list. This is the account that the secondary account’s transaction history and opening balance will be transferred to.

Select the secondary account from the Secondary - Remove all transactions from list.

The next action cannot be undone and we suggest taking a backup

Before continuing, check that you’ve selected the correct accounts to be combined. If you combine the wrong accounts, you will have to restore from a backup and re-enter transactions posted to the accounts since the backup.

Click Combine Accounts. A confirmation window appears.

Click OK to confirm you want to combine the two accounts.

Take note : You can only combine accounts that are:

• accounts of the same account type (for example, asset and expense accounts cannot be combined) and
• detail accounts.

You cannot combine:

• header accounts
• accounts that are linked to other accounts
• accounts that are associated with a job
• accounts that are associated with bank feeds.

When accounts are combined, the non-transaction account information for the primary account—such as account name, description and bank details (for banking accounts)—is retained as the default information for the combined account. The transaction details and opening balance of the secondary account are added to the primary account. The secondary account will be removed and the account number can be reused.


Regards,
Earl