How to change the Account Type or Account Class of a general ledger account number
Description
Cause
Currently, the Account type cannot be changed on an account if the G/L account contains transaction history.
Resolution
  1. Rename the existing account to an unused account number through GL, Accounts, Maintain Chart of Accounts, Rename.  Tip:  Use a large number such as 9999 so it will drop to the bottom of your chart of accounts
  2. Create a new account through GL, Accounts, Maintain Chart of Accounts, New and select the correct class and type
  3. Transfer the balance from the old account to the new account using one of the options below
    • Option 1:
      Enter a journal entry to transfer only the balance from the old account to the new account
    • Option 2:
      Reverse each entry from the old account and reenter the transactions with the original transaction dates and the new renumbered account.


[BCB:163:Chat BusinessWorks US:ECB]
Steps to duplicate
Related Solutions

How to post a General Ledger journal entry