QB Issue Resolution:

I don’t see a need to start a new file. You can disable unused accounts, so they¬†won’t show in the COA, but will still show if you run historical reports

Resolution for Issue 'I want to implement “class” functionality for a nonprofit. This will change their chart of accounts significantly as they no long need to do everything with GL accounts. For example: They have a set of accounts for each of 5 programs now. This will all be handled with a sub class for each program rolling up to the class “Programs”. If I were using desktop, I would just save the current file up to end of year and create a new company file (transferring customers, vendors, etc) then input the ending balances and start fresh with the new GL. If I needed history, I would just load the old file. They can only have one file in QBO so this option is not open to me. Any suggestions? Thanks' available: Yes (Solved).
Source: Intuit Community forum.

I want to implement “class” functionality for a nonprofit. This will change their chart of accounts significantly as they no long need to do everything with GL accounts. For example: They have a set of accounts for each of 5 programs now. This will all be handled with a sub class for each program rolling up to the class “Programs”. If I were using desktop, I would just save the current file up to end of year and create a new company file (transferring customers, vendors, etc) then input the ending balances and start fresh with the new GL. If I needed history, I would just load the old file. They can only have one file in QBO so this option is not open to me. Any suggestions? Thanks: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for Implementing classes to an existing organization in QBO
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Error Recovery for Implementing classes to an existing organization in QBO [Canada]
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