diff --git a/app/Http/Requests/BankTransactionRule/StoreBankTransactionRuleRequest.php b/app/Http/Requests/BankTransactionRule/StoreBankTransactionRuleRequest.php
index 9641bfd1846f..873aae6d8f38 100644
--- a/app/Http/Requests/BankTransactionRule/StoreBankTransactionRuleRequest.php
+++ b/app/Http/Requests/BankTransactionRule/StoreBankTransactionRuleRequest.php
@@ -38,7 +38,6 @@ class StoreBankTransactionRuleRequest extends Request
             'auto_convert' => 'bail|sometimes|bool',
             'matches_on_all' => 'bail|sometimes|bool',
             'applies_to' => 'bail|sometimes|bool',
-            'record_as' => 'bail|sometimes|bool',
         ];
 
         if (isset($this->currency_id)) 
diff --git a/app/Http/Requests/BankTransactionRule/UpdateBankTransactionRuleRequest.php b/app/Http/Requests/BankTransactionRule/UpdateBankTransactionRuleRequest.php
index 2955bf76796e..51701ffcb13f 100644
--- a/app/Http/Requests/BankTransactionRule/UpdateBankTransactionRuleRequest.php
+++ b/app/Http/Requests/BankTransactionRule/UpdateBankTransactionRuleRequest.php
@@ -37,7 +37,6 @@ class UpdateBankTransactionRuleRequest extends Request
             'auto_convert' => 'bail|sometimes|bool',
             'matches_on_all' => 'bail|sometimes|bool',
             'applies_to' => 'bail|sometimes|bool',
-            'record_as' => 'bail|sometimes|bool',
         ];
 
         if (isset($this->currency_id)) 
diff --git a/app/Models/BankTransactionRule.php b/app/Models/BankTransactionRule.php
index 3971bc2d7831..273dc524db5f 100644
--- a/app/Models/BankTransactionRule.php
+++ b/app/Models/BankTransactionRule.php
@@ -27,7 +27,6 @@ class BankTransactionRule extends BaseModel
         'auto_convert',
         'matches_on_all',
         'applies_to',
-        'record_as',
         'client_id',
         'vendor_id',
         'category_id',
diff --git a/app/Transformers/BankTransactionRuleTransformer.php b/app/Transformers/BankTransactionRuleTransformer.php
index e2b709121e3c..cb8221c7312e 100644
--- a/app/Transformers/BankTransactionRuleTransformer.php
+++ b/app/Transformers/BankTransactionRuleTransformer.php
@@ -56,7 +56,6 @@ class BankTransactionRuleTransformer extends EntityTransformer
             'auto_convert' => (bool) $bank_transaction_rule->auto_convert,
             'matches_on_all' => (bool) $bank_transaction_rule->matches_on_all,
             'applies_to' => (string) $bank_transaction_rule->applies_to,
-            'record_as' => (string) $bank_transaction_rule->record_as,
             'client_id' => $this->encodePrimaryKey($bank_transaction_rule->client_id) ?: '',
             'vendor_id' => $this->encodePrimaryKey($bank_transaction_rule->vendor_id) ?: '',
             'category_id' => $this->encodePrimaryKey($bank_transaction_rule->category_id) ?: '',
diff --git a/database/migrations/2022_11_13_034143_bank_transaction_rules_table.php b/database/migrations/2022_11_13_034143_bank_transaction_rules_table.php
index 6201e4e78e6c..7609d1a7d3fd 100644
--- a/database/migrations/2022_11_13_034143_bank_transaction_rules_table.php
+++ b/database/migrations/2022_11_13_034143_bank_transaction_rules_table.php
@@ -24,7 +24,6 @@ return new class extends Migration
             $table->boolean('auto_convert')->default(false); //auto convert to match 
             $table->boolean('matches_on_all')->default(false); //match on all rules or just one
             $table->string('applies_to')->default('CREDIT'); //CREDIT/DEBIT
-            $table->string('record_as')->default('CREDIT'); //CREDIT/DEBIT
         
             $table->unsignedInteger('client_id')->nullable();
             $table->unsignedInteger('vendor_id')->nullable();