What are account histories in QuickBooks Online? (2024)

FAQs

What are account histories in QuickBooks Online? ›

QuickBooks uses account histories to track transactions based on where they came from. They list an account's complete transaction history and current balance.

Historical Transactions means the “Transactions” or “Amendment Transactions” or similar terms, as defined in the Existing Credit Agreement and the amendments thereto, including the payment of fees and expenses in connection therewith.

The Audit history serves as a record of all the changes made on a specific transaction.

Go to the Reports menu. Hover over Banking and select Previous Reconciliation. From the Account drop-down menu, select the account you reconciled. In the Statement Ending Date section, select the reconciliation period you want to review.

Accounts that have an opening balance feed into the Balance Sheet report. These include accounts payable and receivable, asset accounts, liability accounts, equity accounts, and credit card and bank accounts.

What Is an Account History? An account history, as applied to financial accounts, is a running record of all of the financial transactions logged in a bank, credit card, or investment statement. In a bank or credit card statement, the account history records all credits and debits.

Account history refers to the record of transactions and activities that have occurred in a financial account over a specific period of time.

What Is the Difference Between a Bank Statement and a Transaction History? A transaction history displays all bank account transactions for a set period you choose. Typically, a bank statement only covers one month of transactions and may leave recent or pending transactions out.

How do I clean up old transactions in QuickBooks? ›

Go to the File menu, then select Switch to Single-user mode. If you see Switch to Multi-user mode, don't select it. Go to the Accountant menu, then select Batch Delete/Void Transactions…. Find and select the checkboxes next to the transactions you want to delete or void.

Go to the Lists menu, then select Chart of Accounts. Select the account you want to delete. Go to the Edit menu, then select Delete Account. Select OK.

Accounts that can't be deactivated

Opening Balance Equity: This is the default account for adjustments. You can only edit the name of this account, if necessary. Retained Earnings: This account reports the net income of your company on the Balance Sheet report.

Can they do that? Unfortunately they can. However, there are some things you can do to protect and defend yourself against an IRS audit that includes your QuickBooks files.

At this moment, the only way to flush audit trail records is to condense your data in QuickBooks Accountant Desktop. We recognize feedback and product suggestions to make the program better. You can submit your own feature requests through the Send Feedback Online option within your QuickBooks company file.

Once you delete a transaction, there's no way to restore it. Using the Audit Log, however, you can recover the details of the deleted transaction so you can re-enter it.

To track recent changes to QuickBooks: Click on the Gear icon in the upper right-hand corner and select Audit Log. In the Audit Log, use the Filter button to narrow down your search. Choose the filters you would like to use and click on Apply.