Changing an Account Type
When you first added an account, YNAB asked you to choose the account type. You might have chosen one type of account, and later realized that it’s incorrect, or that you want the account to behave differently. You may have even set up a Liability Tracking account that you now want to migrate to a Loan Account type.
While it’s not possible to change the type of an account once it’s already been created, you can replace it with a new account.
Here are some of the things to be aware of before you make changes:
- Any time you’re making changes that involve Budget accounts, we highly recommend making a Fresh Start instead. This will save your current budget and all its history, but will give you a clean slate with a shiny new budget, making it easier to make changes without causing problems in the budget.
- If credit card accounts are involved, these can impact your budget because of the way money moves between categories. You may need to move money in your budget afterwards.
If you’re moving from a Budget account to a Tracking account:
- Changing your account will remove money from your budget. This may appear as a lower or negative Ready to Assign. Review your budget and move money to where it's needed.
- The account will no longer have a category field, so you will lose that information.
If you’re moving from a Tracking account to a Budget account:
- Money will be added to your budget.
- You’ll need to categorize all transactions.
You’ll have access to the Undo button in case anything doesn’t go as planned, as long as you haven't logged out or refreshed your budget!
How to Change an Account Type
Now that you’ve read through those warnings, it looks like you’re ready to move forward with the changes:
- Create the new account.
- Click Add Account along the left side, under your account list.
- Select Unlinked.
- Choose the desired account type.
- Give it a nickname (it will need to be slightly different than the original account name).
- Enter 0 for the balance.
- Move the transactions from the old account to the new account.
- Go to the original account.
- Select all the transactions in the account.
- Click Edit in the account toolbar at the top.
- Select Move to > [New Account Name].
- Delete the old account.
- Hover over the name of the old account in the left sidebar, and choose the edit button to the left of the name (or right click the account name). Be sure to save any text in the Account Notes field if needed.
- Click Delete Account.
- Edit the new account. Now you can change the name of the new account, or link the account if needed.
- Close your current tracking account and adjust its balance to zero.
- Add “Original” to the nickname of the Tracking account.
- Cancel all Scheduled Transactions tied to the tracking account.
- Remove the Target from the payment category for the loan.
- If applicable, it will also Unlink any Direct Import connection the tracking account has.
Changing Liability Tracking Accounts to Loan Accounts
If you’ve been using Tracking accounts to track your debt, you can change those accounts to new Loan accounts on the web app on a computer! To change a Liability Tracking account to a Loan account, click Learn More in the banner at the top of the Tracking account, then click Get Started.
If you don't see a Learn More button at the top of the Tracking account, hover over the account name and click the pencil icon when it appears. In the window that pops up, you’ll see a section called Update to a Loan Account. Click Learn More under that header, and then click Get Started.
Follow the prompts to enter your debt details—these will help YNAB project your interest saved and payoff timeline.
When you change a Liability Tracking account to a Loan account, YNAB will:
After the Loan Account is Created...
If you were using Scheduled Transactions for your payments to the Tracking account, you’ll need to re-create those for payments to the new Loan account.
If you were using a Target to help you assign money to your loan payment category, you’ll also need to create a new Target for that category.
Enjoy your new Loan account!