Modify Chart of Accounts

In order to proceed with changing the chart of accounts, it's essential to ascertain whether the customer intends to modify only revenue accounts or if they also plan to alter deferred revenue accounts.

• If the changes involve deferred revenue accounts, it's important to note that transferring balances from one account to another is required.
• However, if the changes are confined to revenue accounts without involving deferred revenue, the process becomes simpler.

For cases where only revenue accounts are being modified, customers can proceed to change the chart of accounts directly in QuickBooks.

• Subsequently, bring these updated chart of accounts into Ordway's products.
• From there, adjust the products and assign them to the correct revenue account.
• By following this procedure, the accounting process can seamlessly adapt to the changes in the chart of accounts.