United States United Kingdom Australia Canada (English) Canada (French) France Singapore South Africa Global Ireland
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Announcements
Created with Sketch. The QuickBooks Community will be unavailable for approximately 1 hour beginning at 10:00 PM PDT on Wednesday, August 14th for database maintenance. All community forums will be unavailable during maintenance but feel free to browse our Support articles for help in the interim.
jreardon
Level 2
posted
‎September 05, 2023 12:03 PM
last updated ‎September 05, 2023 12:03 PM

How to record liquidation of funds in one bank account

I have one money market bank account.  I'm trying to record the liquidation of money market funds into cash within the same bank account.  This is not a transfer of funds from one account to another, but rather, just a liquidation of funds within the same account. 

 

What I'm hoping to achieve is the money market fund total decreasing and the liquidation of funds (cash) to increase... but within the same bank account.

Solved
Reply Join the conversation
Best answer September 05, 2023
Solved

Best Answers
BigRedConsulting
Community Champion
Community Champion
‎September 05, 2023 02:13 PM

How to record liquidation of funds in one bank account

It sounds like you're essentially exchanging cash for cash. So, I'm not sure there is an accounting event to record.  If you have a gain from interest that's been accruing, that may be something to enter.

View solution in original post

Reply Join the conversation
2 Comments 2
BigRedConsulting
Community Champion
Community Champion
‎September 05, 2023 02:13 PM

How to record liquidation of funds in one bank account

It sounds like you're essentially exchanging cash for cash. So, I'm not sure there is an accounting event to record.  If you have a gain from interest that's been accruing, that may be something to enter.

Reply Join the conversation
Joel-OnTrack
Level 2
‎September 05, 2023 02:55 PM

How to record liquidation of funds in one bank account

@BigRedConsulting,

Always so practical and straight forward!

(Unlike...)

Reply Join the conversation
Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.
Featured
Productivity Boosts: Using Keyboard Shortcuts in Quickbooks Online
Did you know that you can navigate QuickBooks Online faster using keyboard ...
Read more
Top 5 Questions- Invoicing
Happy August QuickBooks Community! Do you have questions concerning invoice...
Read more
Online Security Tips to Keep You Safe
For more resources on some of these tips, make sure to check out the Intuit...
Read more

Need to get in touch?

Contact us