Changing Income Account
I need to change the income account for some of our inventory items effective August 1st.
Example of the account to be changed highlighted below
My issue is that I've made changes to accounts in inventory before and it has affected the history, inventory valuations and even historical trial balance figures.
I know how to change the account. I just need to know if it can be done without changing ANY historical data/reports.
If not what are my options?
There are only 6 or 7 accounts to be changed. Three of them currently have no stock & $0 balances. The rest have plenty of stock on hand.
Hi annbrinck,
Just so you know, changing a default linked account won’t mess with accounts on transactions you’ve already entered. If your old figures look different, it’s probably something else going on. To double-check, you can tweak the linked account for an item and have another crack at entering a transaction for it. Additionally, you can make a backup of the file and compare the reports the before and after the linked accounts are changed.
Regards,
Genreve
