You can edit nominal ledgers in your Chart of accounts to change their Code, Name, Class or Tax code. You can edit them individually or in bulk.
Edit a single ledger
Click the Accounting tab, then click Chart of Accounts.
Click the name of the account.
You can then change the following:
Code
Name
Classification
Default tax code (Not available on bank accounts)
Click Save.
📎NOTE: You can technically edit the class of any account, but you can't convert a normal account to a bank account. You need to create a new ledger and select Add bank account to avail of all the bank features.
Edit multiple ledgers
Change Class
You can edit the class for multiple ledgers using the Change Class button.
Click the Accounting tab, then click Chart of Accounts.
Select the multiple accounts.
Click Change Class.
Select the class you want to change them to.
Click Save.
Change Codes and Names
To edit accounts in bulk, you can use the import function and select the "CoA Complete Template" to download the existing accounts. You can then edit the Codes and Names directly in the file and upload the changes.
The import wizard will then allow you to classify the accounts after you upload the file.
Change Default Tax Codes
You can also change the tax code for multiple accounts by selecting them from the Chart of Accounts list.