Any recommendations on turning a cash account into a regular account?
I set up several cash accounts. The cash accounts are working very well for me for accounts from which I make payments, such as checking accounts and credit card accounts. But I created a receivable account as a cash account. And it does not work so well as a cash account. Only after I entered some transactions in this cash receivable account did I realized that that cash account would work better for me as a regular account (a simple account created using Settings >> Chart of Accounts). Understand that I am not talking about a customer receivables account. It is a special receivable account between a company and a company it owns.
So, I think basically I need to create the regular account. Then, for every transaction using the old cash account, I need to (1) delete the transaction (2) enter the transaction again using the new regular account.
Firstly, I change the name of the account I that I want to replace. I name it something like “xxx old”. That makes it easy to identify in transactions. And renaming helps me not confuse it with the new regular account.
I think using find and recode does not work. That would be going to Cash Accounts and clicking on Find & Recode. But I think the cash account cannot be changed. The other account in a transaction can be changed in bulk. I want to change from the cash account to a regular account.
I’m thinking I can use the export function in the cash account to get a spreadsheet of all the transactions using the cash account. However, I see that does not tell me the other accounts in the transactions.
So, I’m just wondering if you have any recommendations for me on how to convert from cash to regular account (or from regular to cash account). I’m hoping you can suggest one or more ways to get this task done faster and hopefully with fewer mistakes.
Or, maybe it is just a task I have to go transaction by transaction.