I need to change the expense account on an item for purchase. What will happen to transactions in closed periods when this item is changed?

AI generated answer (using internal Slack threads):

When you change the expense account on an item for purchase, the change will not apply retroactively to transactions in closed periods. The new account will only be used for future transactions and transactions in open periods. If you need to change the account for transactions in closed periods, you would need to reopen those periods and update the transactions manually. However, this is generally not recommended due to the potential for disrupting your financial records. Please note that changing the account on an item can have significant implications for your financial reporting, so it's important to be careful when making such changes. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******