|
Posted by Haskel LaPort on April 29, 2008, 9:07 am
Please log in for more thread options
> 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.
>>
>> 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-Starting/dp/1434810690
>
> When you actually have to have a paper check from one account to another,
> you have a little problem. You can't write your check into the
> undeposited funds account so you can't "deposit" it into the new account.
> But since he won't have preprinted deposit forms at this time [why you may
> want to use deposit] I'd just write the check as a transfer of funds.
Or directly to the bank account and save the time of having to record a
deposit.
>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap