Question

Which accounts cannot be made inactive in quickbooks online

Answer 1

Certain accounts such as Bank Accounts, Credit Card Accounts, Accounts Receivable, Accounts Payable, and Payroll Liabilities cannot be made inactive in QuickBooks Online.

Step-by-step explanation:

In QuickBooks Online, certain types of accounts cannot be made inactive:

• Bank Accounts: The main checking and savings accounts for your business.
• Credit Card Accounts: Accounts used for tracking credit card transactions.
• Accounts Receivable: Accounts used to track money owed to your business by customers.
• Accounts Payable: Accounts used to track money your business owes to vendors or suppliers.
• Payroll Liabilities: Accounts used to track payroll taxes and other liabilities related to employee compensation.

These accounts are crucial for day-to-day business activities and should not be made inactive to maintain accurate financial records.