Question: My office is changing from Bank A to Bank B. How should I handle this in AccountEdge?
Answer: You don’t want to co-mingle two account activities into one AccountEdge account. Your best option is:
- Open the existing account (1-0100 for example) in the Account List and change it to 1-0101.
- Create a new bank account 1-0100 with the new bank name, etc.This process keeps all historical activity in the appropriate accounts, and places your new bank account in the same line item on the financial statements.
Note: The account you move it to must be an account that is in the KW Approved Chart of Accounts. Any time that a bank account is changed, after the setup changes are complete, look at Setup, then Linked Accts to be sure that any linked cash accounts are still correct.