We’ve been using Quickfile for a few months and find it really good. Unfortunately, we’ve logged all our purchases and sales in the wrong account - as we’ve put a lot of money into the business and not taken that much in sales (we’ve purchased and renovated a small number of properties for rent) we should really be showing everything in the Directors Loan account.
Is there a way of changing the account from which the payment is made, without going through each purchase and sale individually?
You can bulk-reassign transactions but you have to do it from the nominal account view rather than the bank view. Go to reports / chart of accounts and tick the “hide accounts with no activity” checkbox. Now find the account where you wrongly assigned the transactions (under assets and liabilities) and click through to the list of transactions. From there you should be able to select the relevant transactions and bulk reassign them using the button at the top (I can’t remember offhand what it’s labelled).
Note that when you’re looking at a bank account in the nominal view the debits and credits are reversed from what you might expect on your bank statement - money in is a debit in red and money out is a credit in green - this is normal behaviour but looks a bit odd if you’re not used to it, think of your statement from the bank as the bank’s view of you whereas the nominal view in QuickFile is your view of the bank.