Note: If you've decided to remove an account from your COA (chart of accounts), it's a good idea to preserve a backup Excel file with all of your bank data and financial reports. If you decide to use QuickBooks again, getting that data back into the account becomes quite difficult. Also, keep the following in mind while deleting a bank account in QuickBooks:
In QBO, the bank will be deactivated.
If the account's balance isn't zero, we'll make an adjustment transaction.
Although you can reactivate a deactivated account, you may need to correct journal entries and balances.
Step 1: To delete an account, first make it inactive.
Your bank account in QuickBooks will be deleted if you make it inactive. You must do so by following the steps outlined below:
Select the Chart of Accounts from the Gear icon.
Look for the account you wish to remove there.
Finally, pick Make inactive from the Action drop-down menu.
Important: If you remove a bank account in QuickBooks that still has a balance, QuickBooks makes a journal entry that transfers the balance to another account. Existing transactions do not vanish and remain on your financial statements. If you decide to utilize the account again in the future, QuickBooks will not update the journal item or shift the balance back.
If you ever need to check your dormant accounts for whatever reason, simply follow the steps below.
Step 2: Examine Your Dormant Accounts
To see your dormant accounts, follow the steps below:
Select Chart of Accounts from the Settings menu.
Then, at the top of the list, select the Gear icon.
Finally, make sure the Include inactive checkbox is checked.
Deactivate Bank Feeds:
You've probably figured out how to remove a bank account in QuickBooks, but if you're seeking for a different option, you may try deactivating your bank feeds.
Select the bank account whose bank feeds you want to disable from the Chart of Accounts.
Select Deactivate All Services from the Selected Bank from the Settings menu.
Click OK to confirm your action and preserve your preferences. You will no longer receive bank feeds on your QuickBooks accounts once this is completed.
Select the Chart of Accounts from the options on the List tab.
Select the account you want to deactivate after that.
To disable your services, go to the settings icon and select disable.
To confirm your action, click OK.
Finally, save your settings, and your bank feeds will be successfully deactivated.