Merging Bank Accounts
Can you merge two bank accounts in Quickbooks, one was done manually and the other is a download from the bank, so there are no names or accounts on the bank copy?
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cp0bk0-u8r3QjyacfA8pyY
01/04/10 8:43am PST
Viewed by asker 01/07/10 6:20am PST
Viewed by asker 01/07/10 6:20am PST
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4 Replies
01/05/10 6:28am PST
I am trying to figure out if it will be better to merger them and if I do, will it keep my info of vendors and expense accts or will I lose that, in which case, then I should do a manual update.
Bekah28
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Questions answered: 1490
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01/05/10 4:30pm PST
It is possible to merge accounts, but you want to be very careful doing this. Do the two accounts have any duplicate transactions? If so, I would not suggest merging. Let me know more about your situation and I will help you.
PLEASE mark this 'solved' if this answered your question. If not, please clarify on your reply.
Thank you,
Rebekah
Record Time Bookkeeping
01/06/10 6:26am PST
Yes they have duplicate transactions except the manual bank account has the name of who the check was written to and the expense account associated with it and client deposit information. The downloaded bank statement does not have this information, only the check number.
I don't want to merge if I am going to lose the expense and name information.
Bekah28
Questions asked: 1
Questions answered: 1490
Points earned: 4675
Questions answered: 1490
Points earned: 4675
Certified ProAdvisor
Certified ProAdvisors have successfully completed an extensive and rigorous QuickBooks certification program.
Allstar
Advisory council of community power users.
ProAdvisor
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01/06/10 3:13pm PST
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The solution
I am sorry but merging the accounts will not accomplish what you want. It will have to be done by printing out the transactions from the account with the least amount of info and then adding the missing pieces to the other account. Then you will need to delete all the transactions in the duplicate account and delete the account. You will have problems with your online banking if you delete the account attached to online banking. If you do not remove the duplicate transactions, your financial statements will be way off and your taxes wrong. Hope this helps. Sorry for the bad news.
Rebekah
