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Re-Classifying accounts and merging them - Long Term Liability
Hello,
While bringing over from QuickBooks (QB), the client got some accounts as "Other Current Liability" type rather than Long Term Liability. The reason for this being that the QB doesn't support Long Term Liability type. After a year now, the finance team wants clean this up.
What is the best way to do this? I can think of re-classifying this by creating new accounts with the Long Term Liability type and transferring the amount.
Thanks,
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