At times, it is necessary for users or companies to delete bank account in QuickBooks. Either they may no longer need them or have a couple of other reasons to do so. If you no longer want to get the transactions from your bank, you can disconnect or delete the bank account from QuickBooks. Once the bank account is deleted from QuickBooks, it will show any bank data or transactions. However, it basically depends on how you are removing the transactions.

For example, if you disconnect the account, you can simply reconnect it in the future. Whereas in case you delete the bank account permanently, it removes all the transactions and cannot be reversed. When you’ve created the account accidentally, and it doesn’t have any transactions, you can remove your bank account. Else, you are required to first transfer all the remaining funds to the new account and then make the closed account inactive. 

Why is it necessary to delete bank account from QuickBooks?

The most common and logical reason behind eliminating a bank account is just because you are not using that particular account currently. At times, there might be incoming new data that you don’t want to get synced with the existing accounts, and removing those inactive bank accounts helps to keep your data concise and in place. 

1. A new bank account is made by the company or a user.

2. Users may have attached their personal bank mistakenly.

3. The current bank account isn’t working properly. 

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Key Points to consider before you delete bank account in QuickBooks

Before removing a bank account from QuickBooks, you need to get well familiar with certain factors. Here’s a list of them:

• Once you delete your bank account, it will make the bank inactive within QuickBooks, and thus, you won’t be able to see the bank and feeds related to your account.

• QuickBooks will make an automatic adjusting entry if the deleted account doesn’t have a zero balance.

• Well, you can reactivate a deleted account whenever required, but later you would have to make corrections in your journal to activate the same.

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Here’s how to delete bank account in QuickBooks!

In the QuickBooks Online program, you can delete a bank account through the Chart of Accounts option. After this, you can select the Make Inactive button to deactivate your account as an optional step. Moreover, you may eliminate it by removing the account from the Transaction page in QuickBooks Online. The below-listed methods will describe how to delete a bank account from QuickBooks Online. 

Method 1: Using Chart of Accounts

1. To start off, navigate to QuickBooks Online.

2. On the left, you will get the Accounting option.

3. Now, choose Chart of Accounts.

4. Select the bank account you wish to remove.

5. After this, click on the drop-down option below the Action Bar.

6. At last, tap on Make Inactive and then press Yes for confirmation.

Method 2: Remove from the Transaction Page 

1. In QuickBooks Online, go to Bookkeeping, click Transactions, and then select Banking on the left of the homepage.

2. Now, choose the bank account that is to be deleted on the Bank transactions tab.

3. Towards the top right, you need to hit the Pencil icon.

4. Thereafter, tap on Edit Account Info.

5. You need to checkmark the “Disconnect this Account on Save” box given at the bottom of this page.

6. Finally, press Save and Close.

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Wind-up!

Is it still challenging for you to understand how to delete bank account in QuickBooks? No worries; it’s not a big deal. After accidentally creating an account, most of the users are willing to delete it if it doesn’t have any transactions. So, without any hesitation, you just need to ping our certified experts at a Toll-free number +1-(855)-955-1942. We’ll give our best to get you out of all such technical annoyances in one go.