Delete an Account from the Chart of Accounts – Sage 50
Sage is one of the most leading accounting software around the business globe and well-known for its amazing features and advanced tools. This software is flexible with your all business essentials and easy to run. While running with this software, the user needs to edit and delete the accounts to make new changes as per business requirements. In this blog, you get complete knowledge on “Delete an Account from the Chart of Accounts – Sage 50”
Delete Accounts from the Chart of Accounts with these Following Steps:
- The first thing you have to make sure that there are no transactions presented on the overall record that reference the account ID.
- In case, if an account has a nonzero balance, you should delete transactions related to it.
- After that, you have to view the beginning balance entries.
- In case if your account has a nonzero balance, you can enter a changing G/L transaction in the General Journal to carry the account’s balance to zero.
- After following long-term on-screen instructions, and then end closings,
- In the end, you can easily clear or delete the account as per your according.
Read Also : How to Delete Transactions on Sage 50
To Delete an Account Immediately, Go with the Below Guidelines:
- First of all, open the “Maintain menu”, and then click on the “Chart of Accounts”.
- After that, Sage 50 shows the Maintain Chart of Accounts window.
- Now, you have to select the account ID you need to delete.
- To view the rundown of existing accounts, type, you need to open the G/L Account ID field, or click on the “Lookup button”.
- Now, you are all set to choose the Delete toolbar catch to delete the account.
- In case, if your account has a nonzero balance in any accounting period inside the two right now open monetary periods, Sage 50 shows a message expressing that you can’t delete the account.
- In case if you actually need to delete an account that has had a nonzero balance at one time, examine the historical backdrop of the account in the Maintain Chart of Accounts window.
- Then, view the General Ledger report including a date scope of the two open financial years.
- Locate the account transactions and mark double-clicks on it to show the comparing task window where the transactions started.
- At last, delete these transactions, and re-visitation the overall record.
- To delete an account starting balance passage, you can choose the Beginning Balances button in the Maintain Chart of Accounts window.
In any case, If you don’t want to Delete your Account and Want to Inactive then Follow the Below Instructions
You can easily make your account inactive to must be sure that no further transactions are related to it. To make it possible, you have to follow the long-term end closings guidelines
- Open the account, and go to the “Maintain menu”
- Then, you have to choose the “Chart of Accounts”. On your screen, Sage 50 shows the Maintain Chart of Accounts window.
- Hit the click on the “Account” you require to inactive.
- May be user need to show a rundown of existing accounts, type. To do this, open the G/L Account ID field or you can choose the Lookup button.
- Enter the click on the “Inactive” option to view the check box to one side of the account ID and you are all done with this process.
Seeking Assistance or Advice? Contact us
For additional Sage 50 resources, you can consult with Sage expertise via the Sage 50 support service. To get any kind of help or advice, dial Sage 50 support phone number or do Sage 50 live chat support with Sage professionals (Link is given at the right down corner of the website). In another way, you can also send all queries to this email address email@example.com. They resolve your issues in all possible ways as quickly as possible.
Sage 50 has revolutionized the corporate world with its amazing features and tools. It has gained a...
Sage 50 is the #1 rated accounting software for small business. It allows you to take control of yo...
Sage 50 is one of the most efficient accounting software to gear up the productivity of both small ...
Sage 50 is one of the most feature-rich and powerful accounting software that can help busy profess...
Report Your Issue
(Didn't find what you were looking for! Report your issue and get customized help from our Sage experts.)