Current account and business account under Bank account with split transactions appeared

[Suhas_Barhate]

Hi There,
I just have one business account. I have uploaded 6 months bank statements to quickfile.
However I noticed that I can see two accounts under “General Bank Accounts” - 1) Current account & 2) My company business account.
Some of the transactions have appeared under Current account and some under my business account.

Not sure A) How the current account got created ? what it means ? B) How come the transactions have split between the two accounts?

Is there anyway to get all transactions under my business account and then delete Current account ?

Many thanks in advance.

[QFMathew]

Hi @Suhas_Barhate

I’ll try and answer your questions for you.

A) How the current account got created ? what it means ?
The Current Account is the default bank account that’s created when your account is created. QuickFile does this so any user can jump in and use their account straight away. It’s created the same time as your Petty Cash and Drawings/Loan account too.

If you have more than one account, it doesn’t matter - you can have several if you wish, although we recommend to try and keep them as close to your actual bank statement as possible.

** B) How come the transactions have split between the two accounts?**
It depends on how they are created. If you uploaded your bank statements, it sounds like you split the uploads and they were uploaded to different accounts each time. When you upload a statement, you start by selecting your bank and continuing from there.

If you want to move them into one bank account, you can go to Reports >> Chart of Accounts >> Assets & Liabilities and select the bank account you wish to move transactions from. Then, select the transactions and click ‘Move to a New Code’, select the correct bank and finish.

I hope this helps

[Suhas_Barhate]

Thanks. Agreed I had done something incorrect while uploading, hence this issue.
When I try to move in between bank account, Via Reports >> Chart of Accounts >> Assets & Liabilities - I don’t see any accounts here . It is just single row.
May be something more missing -an error from my side- maybe.

[QFMathew]

That area is collapsed by default, so you’ll need to expand it by clicking the little ‘+’ icon:

You should then be able to find your bank accounts in the 1200 range, and click the magnify glass icon to view all the nominal entries:

[Suhas_Barhate]

Great! That worked, couldn’t see in my browser + sign and magnifier- may be browser issue, so had to randomly click in that area.
Sorted- many thanks.