Changing Parent Account
Chart of Account has hierarchical structure. Each account has a parent it is listed under.
There are some accounts which are auto-created. For example, Account for Warehouse is auto-created when new Wareouse is added in the system. These accounts are added under pre-defined account ledger. Warehouse Account is always added under Stock Assets, under Current Assets.
If you wish to place specific Account into another parent Account, you can achieve the same as below.
1. Go to Chart of Account
Accounts > Setup > Chart of Account
Click on Account for which Parent Account is to be changed.
2. Edit Account
3. Change Parent Account
Search and select preferred Parent Account and save.
Refresh system from Help menu to experience the change.
Note: Parent cannot be customized for the Root Accounts, like Asset, Liability, Income, Expense, Equity.
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