Every technology and software with advanced features has been made for everyone’s reliability. Like that, if you run a business, then you may know about QuickBooks. It is an accounting and bookkeeping software based on advanced technologies. It provides many troubleshooting features for unexpected accounting errors and easily manages business finances and bank accounts. If you want to delete any bank account for any reason, then it gives an option to delete bank account in QuickBooks with an easy process.
So, in this blog, we are going to deliver a complete process to delete bank account in QuickBooks Online, Desktop, and in QuickBooks Self-Employed, with its possible reasons and the process to disconnect a bank account from bank feeds in detail.
Can You Delete a Bank Account in QuickBooks Properly?
Yes, you can easily remove or delete a bank account in QuickBooks, but according to the QuickBooks guidelines or rules, you can delete only an account that doesn’t have any transactions. Except that, QuickBooks provides an option to deactivate the bank account from QuickBooks, which hides the inactive bank accounts from the list. If you delete any bank accounts in QuickBooks without any preparation or related knowledge, then that can impact your business’s financial records. So you need to remember some important things before delete bank account in QuickBooks.
Important Things to Know Before Deleting Bank Account in QuickBooks
Deleting a bank account is not a simple thing, because that can impact your financial report, tax data, and may harm your business. So here we are show you some important things or activities that you need to understand and do before deleting your bank account in QuickBooks.
- First, you need to take a backup of your important financial data.
- Then you must verify your account balance and ensure that must be zero.
- Deleting a bank account means the account is removed from the chart of accounts.
- Disconnecting the bank account means breaking the data feeds between QuickBooks and your bank account.
How to Delete Bank Account in QuickBooks Online Easily?
To delete bank account in QuickBooks Online, you just need to follow the detailed steps which is given below with multiple ways. Actually, the thing is that you can’t completely delete the bank account from the QBO. You can inactive this account, and that will hide it from the accounts list.
Solution-1: Inactive Bank Account in QBO by Chart of Accounts
- First of all, open the accounting option in QuickBooks Online.
- Go to the Chart of Accounts section
- Then, locate and click the Bank Account that you need to delete.
- Then verify that QuickBooks Online is not connected to the bank feed.
- Now just open the dropdown which is placed below the action bar and make the Account Inactive.
Solution-2: Remove Bank Account in QBO from Transaction Page
- Open the homepage of QuickBooks Online.
- Then select the transaction option on the left side of this page.
- Then navigate and choose the bank account that you want to remove.
- Now, to edit bank account QuickBooks, go to the edit option, and click on edit account info.
- To disconnect the account, select the checkmark.
- Now just click on save & close.
How to Delete Bank Account in QuickBooks Desktop Easily?
To delete a bank account on QuickBooks Desktop, first, you need to match or delete pending bank feed items and to ensure accuracy by reconciling the total transactions. After doing these activities, you just need to follow the steps below.
- Open the list section in QuickBooks Desktop.
- Then open the Chart of Accounts section.
- Then just choose the Bank Account that you want to delete.
- Now just right-click on this account and press the Make Inactive option, and done.
How to Delete Bank Account in QuickBooks Self-Employed?
As you know, QuickBooks Self-Employed is a web-based accounting and bookkeeping service developed for individuals and freelancers. If you are a QuickBooks self-employed user and want to remove or delete a bank account from QuickBooks Self-Employed, then you can easily remove the bank account; you just need to follow the complete steps below.
Solution-1: Remove Bank Account in QuickBooks Self-Employed by the Hiding Process
- First of all, go to a web browser and open the QB Self-Employed Account.
- Then open the menu bar by clicking on the profile icon.
- Then, detect the Manage Accounts option
- Then, choose a specific account from the list that you want to hide.
- Now, find the Show Account screen option and press the Off button.
Solution-2: Delete Bank Accounts in QuickBooks Self-Employed Using the Web Browser
- First, follow the previous steps till step 3.
- Then, find a particular bank account that you want to delete.
- Now, choose this account and press the trash symbol.
- Then, type Delete on the blank space to confirm.
- Now just click on the delete button and done.
Solution-3: Delete Bank Account in QuickBooks By Android Mobile/Tab
- First, follow step 1 in the previous section in the browser of an Android device.
- Then make sure that the settings tab is open.
- Then select the account that you decide to delete.
- Now just press the triple dot, choose delete bank, and finally click on the delete button.
Solution-4: Delete Bank Account in QuickBooks by iOS iPhone/iPad
- Open QBSE in iOS iPhone/iPad, and press the profile icon.
- Then, detect and open the settings and choose the bank accounts section.
- Then, select a particular bank account and tap on Delete Bank.
- Now, just follow the displayed instructions for confirmation and press delete.
How to Disconnect a Bank Account from Bank Feeds?
Before delete account in QuickBooks, you need to disconnect the bank account from bank feeds, because this process is essential to stop the automated data import process, eliminate the reconciliation issues, and avoid the fake transactions. So here we are give you a complete process to disconnect bank account from bank feeds in detail.
- First, you need to open QuickBooks and go to the Bookkeeping section.
- Then select the transaction from the current section and click on the Bank transaction option.
- Now choose a bank account tile for editing.
- Then tap on the Edit icon and select the Edit account info option.
- Now, tap to select the Disconnect this account on save checkbox, and press the save and close button.
Best Practices for Managing Bank Accounts in QuickBooks
Basically, you decide to delete a bank account in QuickBooks because of some common mistakes. For example, let’s say you are a businessman and run a business, to manage your business accounting, you need to add a newly created business bank account in QuickBooks, but accidentally, you add your personal bank account in QuickBooks. In that situation, you have to remove your personal bank account in QuickBooks and eliminate the common not-working issues. So here we give you a list where you can easily understand and know the best practices for managing bank accounts in QuickBooks.
- Always remember to connect bank feeds to avoid manual errors and automate the transaction import process.
- Make a practice of reconciling accounts in monthly basis to easily detect the issues.
- Verify and match bank feeds to keep cleaning up the transaction lists to maintain accuracy.
- Make some bank rules to automate the transaction categorization process.
- Eliminate the unmatched and duplicate deposits in the bank feed to maintain an accurate income record.
Conclusion
If you accidentally added a different bank account, then this article can help you to delete a bank account in QuickBooks, but it is important to know that deleting a bank account will delete all the bank-related transactions permanently. So you need to follow the best practices to manage the bank accounts properly in QuickBooks. Above, we showed how to delete a bank account in QuickBooks Online, Desktop, and self-employed easily with the bank feeds disconnection process and best practices in detail. We hope this article can help you to delete bank accounts properly in QuickBooks.