After pairing a previously mis-linked sub-account with its parent, how do I confirm that all transactions are accounted for?

Welcome to the Community, @TreasurerALGC. Let me share some insights on how the parent and sub-account work in QuickBooks.

You can set up a bank or credit card account with multiple subaccounts. This way, you can easily connect it to your bank and reconcile downloaded transactions in QuickBooks Online.

The most common way to set up an account with multiple cards associated with it is to create a parent account and then have each individual card set up underneath as a subaccount.

Take note also that before connecting to Online Banking, you need to know how your bank sends the downloaded transactions. If the transactions download to one account, connect only the parent account. If the transactions download to the individual accounts, connect the subaccounts and not the parent account.

I also suggest comparing your actual bank statement to the transactions that are present in your account to ensure that no transactions are duplicated or missing.

In addition to that, let me share this article to create subaccounts to keep your chart of accounts organized: How to create a new parent account or subaccount.

Feel free to leave a comment below if you have other questions about managing bank accounts in QuickBooks. I'll be around to help you. Keep safe and have a good one!

Thank you so much to sharing this post.

Mary Kay In Touch

After pairing a previously mis-linked sub-account with its parent, you can confirm that all transactions are accounted for by reviewing the transaction history of both the parent account and the sub-account.

First, review the transaction history of the parent account to ensure that all transactions that were intended for the sub-account are no longer present. This can be done by filtering the transactions by date or by using the search function to look for transactions that were previously associated with the sub-account.

Next, review the transaction history of the sub-account to ensure that all transactions that were intended for that account are now present. You can also filter the transactions by date or use the search function to look for specific transactions.

If you notice any missing transactions or discrepancies, you should investigate further to determine the cause of the issue and resolve it. This may involve contacting your financial institution for assistance or reviewing any data migration or integration processes that were performed.

It's important to ensure that all transactions are accounted for to maintain accurate financial records and prevent any potential errors or discrepancies in the future. 

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