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Does changing a general ledger account on an item record affect previous transactions?

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WebWorks_WriteArrow(WebWorksRootPath, “wwdd1029626”, true); WebWorks_WriteDIVOpen(“wwdd1029626”, true); Any change to the general ledger account selected on item records does affect historical transactions. When you change an account assigned on an inventory record, the new account is used not only for future transactions, but is also retroactive, and historical transactions are updated to reflect the new account. You are not able to use one account for an item on past transactions and a different account on new transactions. When you edit an item record and save changes that include an account change, you receive this warning: You have changed the account(s) for this item. Click OK to update the accounts on existing transactions or Cancel to stay on this page. You can do one of the following: Click OK to save the item record including the account change and to use the new account on historical transactions AND future transactions. Click Cancel to save the item record without changing

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