change of bank institution

Seeing new members join the QuickBooks Community forum excites me, papaco. It’s nice to welcome fresh faces and perspectives to our vibrant community. As you navigate this platform, I want you to know I’m here to assist you every step of the way. Specifically, I’ll help you update your new bank institution in QuickBooks Desktop (QBDT) so that you can manage your finances smoothly and efficiently.   

Before we proceed, I'll need to clarify a few things. May I know if the account in question is linked to online banking? If it is, you'll need to disconnect and then reconnect the connection. This process enables the system to recognize the new network between your old and new bank accounts. Before proceeding, please ensure all transactions from the specified account have been categorized or matched.

On the other hand, if it isn't connected to online banking you can manually update your bank information in Chart of Accounts. If you also want to use the same register, you may follow this approach:

1. Navigate to the Chart of Accounts page.
2. Right-click on the bank and hit Edit Account.
   
   
3. Update the Account Name and other necessary information.
4. Once done, click Save & Close.
   
   

Alternatively, if you prefer to track your transactions separately, you'll need to set up a new bank account and merge it with the old account. This way, a clear understanding of your financial activities is achieved, ensuring compliance with the various tax policies and regulations. You can connect or manually add it through the Charts of Accounts page. While the decision to modify your bank information ultimately depends on your preferences, setting up a new account may be a more suitable option if it isn't connected to online banking. This approach creates a fresh connection and helps ensure more accurate financial records.

I've included a few articles you can visit to learn more about modifying your bank accounts and categorize banking entries:

• Set up or edit bank accounts for Bank Feeds in QuickBooks Desktop
• Add and match Bank Feed transactions in QuickBooks Desktop

By staying informed and organized, one can navigate the financial landscape confidently, papaco. If you have questions or need further assistance, let me know in the comments section below. Thank you for being a part of our community, and we look forward to supporting you on your financial journey.

I have the same question. Cadence Bank was merged with Huntington Bank and we now have a new account number and routing. When I go to edit the account in Chart of Accounts, I can only change the bank name and not the routing or account number. I don’t want to create a new bank in QB unless I can merge somehow since all of our business history is with this banking account. I only manually do online banking and do not use the bank feeds.