To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.

Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm. 

**I**MPORTANT: This exercise is for demonstration purposes only. Accounting and Bookkeeping do not necessarily need to be the same account. It all depends on what the business owner needs/wants to see in their reports.

First, we need to go to the Chart of accounts. 

From the left navigation bar, hover over Transactions, then click "Chart of accounts".

Click into the "Filter by name or number" field.

Start typing "Bookkeeper" until the Bookkeeper account shows up.

On the Bookkeeper line, click the "down arrow" next to Run report.

In the Account name field, change the name of the account from "Bookkeeper" to "Accounting".

The preview window now shows two accounts with that name. 

QBO will now ask you if you want to merge the accounts. 

The preview shows that you now just have one account. You will need to save it before changing the name. 

Next, let's change the name of the account.

Click the "Filter by name or number" field.

Start typing "Accounting" until the Accounting account shows up.

On the Accounting line, click the "down arrow" next to Run report.

QuickBooks

QuickBooks is a widely-used accounting software developed by Intuit, designed to simplify financial management for businesses of all sizes. It provides a user-friendly platform for tasks like invoicing, expense tracking, payroll processing, and generating financial reports. QuickBooks automates many financial processes, making it easier for businesses to monitor their financial health, prepare taxes, and manage cash flow. With its various versions and integrations, QuickBooks caters to the needs of freelancers, small businesses, and larger enterprises, offering a flexible and comprehensive solution for efficient accounting and financial management.

app.qbo.intuit.com

fastandeasyqbo.com

Scenario: You are doing some cleanup work for Craig and notice that he has both an “Accounting” and a “Bookkeeper” account that are the same account type and could be merged to save space. You have decided to combine these accounts into one account called “Accounting & Bookkeeping.” What steps do you need to take?

1.5c Merging Accounts