Account1 Bill was paid with Account2 credit card. Can this Account2 expense be negated with an Account1 bank deposit to Account2 and/or how to reconcile both Accounts?

Hi linbogu-gmail-co,

Thanks for posting in the Community!

You can create a bank transfer to transfer the payment made from Account 2 to Account 1. If this transaction is showing in For review tab, please click on Record as transfer. Here's how:

1. Go to Transactions, then select Bank transactions.
2. Select the bank account where the funds are coming from.
3. Find and select the transaction to open it.
4. Select Record as transfer. Then, from the Transferred to dropdown, select the account where you transferred the funds.
5. Select Record transfer.

Then, match the transaction from the other account:

1. Select the bank account where the funds are going.
2. Select the For Review tab. Then, select the Recognized filter from the dropdown.
3. Find the transaction. From the Action column, select Match so the transaction is matched in both accounts.

For your reference, you can check this article: Transfer funds between accounts.

Feel free to post again if you have any other questions, we're here to help. 

My apologies. I wish to clarify as per QBO terminology:

• Account1 is actually Product1 (for Clinic1) and Account2 is Product2 (Clinic2).

My query is re-phrased as:

• Product1 SupplierA bill was paid with Product2 credit card AccountX.
• Can this Product2 AccountX expense be negated or zeroed out with a Product1 bank AccountY payment for the same amount to Product2 bank AccountZ?
• How to match Product2 AccountX ($590 "Spent") to Product2 AccountZ ($590 "Received")?
• How to match Product1 SupplierA bill ($590) to Product1 AccountY payment ($590)?

Is there a better and more direct way to reconcile the accounts for the two Products (Clinics)?