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Community Contributor *
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Creating a clearing account

For my quickbooks online i need to create a clearing account. How can i create this account. Can any one provide me the steps to create it.

Best answer 04-12-2019 09:49 AM

Accepted Solutions
QuickBooks Team

Re: Creating a clearing account

It's nice to see you again in the Community, @aveshnaik007.

 

I'd be glad to help create a clearing account in QuickBooks Online.

 

Just follow these simple steps:

 

  1. Sign in to your QuickBooks account and go to Accounting on the left-side panel.
  2. Select Chart of Accounts.
  3. On the Chart of Accounts screen, click the New tab.
  4. Choose Bank for the Account Type. You may choose any detail type you want for your clearing account.
  5. Type in the Name for the clearing account.
  6. Make sure you do not type in any amount on the balance before clicking Save and Close.

clearing account1.PNGclearing account2.PNG

 

That should do it. You can now move money from one account to another account using the clearing account.

 

Also, if you need some references in the future, you can always access our site: Help articles for QuickBooks Online.

 

Should you need further assistance in using the clearing account, please let me know. I'm always here to help. Have a great weekend. Smiley Happy

2 Comments
QuickBooks Team

Re: Creating a clearing account

It's nice to see you again in the Community, @aveshnaik007.

 

I'd be glad to help create a clearing account in QuickBooks Online.

 

Just follow these simple steps:

 

  1. Sign in to your QuickBooks account and go to Accounting on the left-side panel.
  2. Select Chart of Accounts.
  3. On the Chart of Accounts screen, click the New tab.
  4. Choose Bank for the Account Type. You may choose any detail type you want for your clearing account.
  5. Type in the Name for the clearing account.
  6. Make sure you do not type in any amount on the balance before clicking Save and Close.

clearing account1.PNGclearing account2.PNG

 

That should do it. You can now move money from one account to another account using the clearing account.

 

Also, if you need some references in the future, you can always access our site: Help articles for QuickBooks Online.

 

Should you need further assistance in using the clearing account, please let me know. I'm always here to help. Have a great weekend. Smiley Happy

Community Contributor *

Re: Creating a clearing account

Thank you for the solution.