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I have QuickBooks desktop 2020.
For some bank accounts the bank interest is added to a different savings account, not the account being reconciled.
When i am doing a bank reconciliation, how can i select a different bank account for the bank interest to be paid to, and link it so e.g. i can see when doing a report that for account 12345 the bank interest was actually paid into account 98765.
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Just to add to the above there is not a way to assign the interest to another bank account so it would be a manual transaction to the other account, leaving the Interest Earned box empty when you reconcile.
Hi Jack, just to confirm is the interest for one bank actually paid into another bank account by your bank or are you transferring the money across?
Just to add to the above there is not a way to assign the interest to another bank account so it would be a manual transaction to the other account, leaving the Interest Earned box empty when you reconcile.
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