If an account is no longer being used, you may decide to archive it to avoid further use and hide it on reports.
It's important to note that only an account with a $0 balance, no transactions in the current fiscal year, and no child accounts under it can be archived.
To archive an account,
- Navigate to the Chart of Accounts view and find the account you want to archive.
- To the right of the account name, click the box icon to archive the account.
- Should you need to unarchive the account, simply click the box icon again.
Note: It's not recommended to rename an account for a different purpose. For the sake of historical data, all new purposes should receive their own account and old accounts should be archived.