how to change account type from bank to credit card

I would like to convert an account that has been set up as a bank account to a credit card account

Answer

Hi there, nickc

I’ll share some information about changing the account types in QuickBooks Desktop (QBDT).

If the bank account has transactions associated with it, QBDT won’t allow you to change the type of the account to credit card. You can only make it inactive. Here’s how:

  1. Log into your QuickBooks company file.
  2. Once logged in, click Accountant or Lists at the top menu bar.
  3. On the drop-down, select Chart of Accounts (or press Ctrl + A on your keyboard for the shortcut).
  4. Right-click on the account that you want to inactivate.
  5. Select Make Account Inactive.

Then, you can create a separate credit card account. Here’s how:

  1. From the Lists menu, select Chart of Accounts.
  2. At the bottom, select Account, then select New.
  3. Select the Account Type, then select Continue.
  4. Enter the name and account number (optional).
  5. Add an Opening Balance if applicable.’
  6. Select Save & Close.

Once the credit card account is added, you can manually move individual bank transaction to it. Here’s how:

  1. Open a bank transaction to edit.
  2. Change the bank account to credit card.

After moving all the bank transactions to the correct account, you can delete the Bank Type account.

You can also visit this article for more information about QuickBooks Chart of Accounts: Understand QuickBooks Chart of Accounts.  

That's it, nickc. Please let me know how it goes by leaving a comment below. I'm always here to help. Have an awesome day!

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