Balance Sheet Control Account - Renaming & Linking

@tgtart, changing the name of a control account should have no effect on its function or appearance. I have renamed several of my control accounts, and they all appear as before, but with new names. The only way I can tell they were control accounts is that the Chart of Accounts settings page shows their original titles in gray. Can you provide more information?

All I know is that after I changed the name of the inventory account my sales invoice transactions do not show up under Income anymore. I just did a test----If I issue a Credit Note–the transaction is listed in Income but not if I issue an invoice. Maybe something is up with invoicing?

Are you certain you selected the proper income account for each line item in the sales invoice? And does anything show in your Suspense account? Also, what time period is set for your Summary?

I just did several more tests in invoicing and in Credit Note. Invoices do not show up on my Summary page but Credit Notes do.
I checked time period—it is 1/1 thru today and invoices and credit notes were done with today’s date.
I have to leave the office for awhile–I will do another invoice later and then check Suspense.
Thank you so much for trying to help me!

You can send me your accounting file to lubos@manager.io. I can have a look what’s going on.

I’m having an identical problem. Under the “Special Accounts” tab, I have a number of accounts that previously used to be standalone accounts that I could organise under “Chart of accounts”. I have now decided that I want to go back to how it was originally, i.e. I want all the accounts under “Chart of accounts” and not use the Special Accouts feature. However, I can’t find an option that would allow me to do so. Any help would be greatly appreciated. Thanks.

When you created the Special Accounts to be used in place of the COA standalone accounts, how did you transfer the transactions from the standalone to the special accounts - if there were any.

Now just do the reverse of that process - create the COA standalone accounts, then go to the Special Accounts and edit each transaction by changing the Account from the special to the standalone.

Once the Special Account has no transaction listed, it can then be deleted and once the “Special Accounts” tab has no accounts listed you can deactivate the tab

Thanks for the suggestion.

I did not create the Special Accounts. I created the accounts under COA. I think some time back, I was checking out the new control feature and converted these standalone accounts into special accounts and the transactions moved along. I can’t remember how I did it. What I can remember for sure is that I did not create corresponding duplicate accounts under Special Accounts and did not manually edit the transactions to move from standalone account to Special Account.

Is there any I can reverse this process without having to manually adjust each of the affected entries?

When you say “Special Accounts” do you mean by using the Special Accounts tab.
As far as I am are aware you can’t convert (move) a standalone COA to become a Special Account.

However, if you created Custom Control Accounts and then nominated sub-accounts to that Custom Control Account then you just need to undo that nomination.

EG if under Cash Accounts you had a petty cash, bank and credit card sub-accounts and these use to all appear on the Summary under the Assets - Cash & Cash Equivalents account, but subsequently you changed the credit card to appear under a separate Summary account, then you need to edit the credit card sub-account and change the Control Account nomination

Can we rename Assets and Liabilities with another name? I think it should be, because I see Equity can be edited / renamed, but why can’t “Assets” and “Liabilities” be edited or renamed?

In relation to this, I am puzzled why one can not optionally assign account numbers to group headings including Assets, Liabilities, Equity, and any P&L groupings.

For account code, it can be used but it is optional and actually account code is not the main requirement for preparing a Chart of Account. There are many ways for grouping without using an account code as facilitated by this manager application.

Why would anyone want to rename Assets and Liabilities?

This is name used everywhere by everyone

There are some advantages to using codes as it can make searches much quicker. So once like us you use codes why not apply them to all as in any Chart of Accounts. I agree with the comment by @Joe91 about why one would change names of Assets and Liabilities, but that is actually also the case for Equity which actually is editable.

Sometime Equity might be renamed depending on the legal entity of the business

Not everyone, I use AKTIVA for Assets, Why Equity can be edited, Assets and Liabilities can not?

Language translation is done in Manager via Translations | Manager and for Indonesian English to Indonesian Translation | Manager

If changing the account name does not result in changes in structure or anything, why can Equity be changed, while Assets and Liabilities cannot be changed ??? I choose to use capital letters for all my account names.

I have previously said, it is an optional facility, if you want to use it or not, it is not a problem with the Manager, have you not tried it ??? I have used it before, for now I no longer use it because I prefer to directly use the account name. In my opinion, the Manager has accommodated this, and please use it for those of you or those who want to use it, and not by default like other similar applications. This is what makes me like Managers because they don’t have to use account codes to create financial reports.

See Balance Sheet first level renaming.