How do I reassign accounts accidentally set up for SGD to USD?

Answer

Hi cliff.scott,

We can create a new US currency account and deactivate the other that is no longer in use. Let me show you how to create a new account. 

  1. Click Accounting on the left menu.
  2. Select Chart of Accounts
  3. Click New on the upper-right.
  4. In the Account Type drop-down, select the account type.
  5. In the Detail Type drop-down, select the type of account you want to create.
  6. In the Name field, enter a name for the account (USD).
  7. (Optional) In the Description field, enter a brief description of the account.
  8. In the Currency field, choose the USD currency
  9. Click Save and Close

Then, let's make the other account inactive. Here's how:

  1. Click Accounting on the left menu.
  2. Select Chart of Accounts
  3. Choose the account.
  4. In the Action drop-down, select Make inactive.
  5. Click Yes to confirm.

You can also split deposit and expense transactions when using a foreign currency: How to Add Transactions In A Foreign Currency.

Keep in touch if you need anything else. I'll be right here to help.

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IntuitMariaS , Community Support Specialist
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