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Subject Author Date
Need help with changing banks Ron Anderson 04-28-2008
Posted by Ron Anderson on April 28, 2008, 4:24 pm
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 Can any of you Guru's tell me how to do this?
My accountant is on vacation and I need to get this going.
I am going to change my bank. I have a checking account.
I want to write a check for a small amount to open the new account. Have to
do this so I can notify merchant account and payroll service of the new
account numbers. Then after all is cleared will write another check to empty
the old checking into the new one.
Do I just make a new bank account and leave the opening balance at none then
write the check(s) and use that account on the list?


--
Ron Anderson A1 Sewing Machine
18 Dingman Rd Sand Lake, NY 12153
http://www.a1sewingmachine.com




Posted by Peter Secor on April 28, 2008, 11:47 pm
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>Can any of you Guru's tell me how to do this?
>My accountant is on vacation and I need to get this going.
>I am going to change my bank. I have a checking account.
>I want to write a check for a small amount to open the new account. Have to
>do this so I can notify merchant account and payroll service of the new
>account numbers. Then after all is cleared will write another check to empty
>the old checking into the new one.
>Do I just make a new bank account and leave the opening balance at none then
>write the check(s) and use that account on the list?

Yes.

Posted by dpb on April 29, 2008, 12:20 am
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Peter Secor wrote:
>
...
>> I am going to change my bank. I have a checking account.
>> I want to write a check for a small amount to open the new account. ...

>> Do I just make a new bank account and leave the opening balance at none then
>> write the check(s) and use that account on the list?
>
> Yes.

Why would you not make the starting balance the amount you used to
create the account?

--

Posted by QBConsultant on April 29, 2008, 12:56 am
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> Peter Secor wrote:
>
> ...
> >> I am going to change my bank. I have a checking account.
> >> I want to write a check for a small amount to open the new account. ...=

> >> Do I just make a new bank account and leave the opening balance at none=
then
> >> write the check(s) and use that account on the list?
>
> > Yes.
>
> Why would you not make the starting balance the amount you used to
> create the account?
>
> --

Because when write the check from one account, you 'deposit' it into
the new account! The new account starts with a zero balance and you
make a deposit into it.

Michelle L. Long, CPA, MBA
Author of: Successful QuickBooks Consulting: The Complete Guide to
Starting and Growing a QuickBooks Consulting Business
http://www.SuccessfulQuickBooksConsulting.com
http://www.amazon.com/Successful-QuickBooks-Consulting-Comprehensive-Startin=
g/dp/1434810690

Posted by dpb on April 29, 2008, 1:35 am
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QBConsultant wrote:
>> Peter Secor wrote:
>> ...
>>>> I am going to change my bank. I have a checking account.
>>>> I want to write a check for a small amount to open the new account. ...
>>>> Do I just make a new bank account and leave the opening balance at none then
>>>> write the check(s) and use that account on the list?
>>> Yes.
>> Why would you not make the starting balance the amount you used to
>> create the account?
>>
>> --
>
> Because when write the check from one account, you 'deposit' it into
> the new account! The new account starts with a zero balance and you
> make a deposit into it.


I guess that is two steps I was thinking of as one...

--

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