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Join nowYou've come to the right place, crshepard. I'd be happy to show you how to create these accounts in QuickBooks.
We can divide your bank account into subaccounts, so you can track the two assets accounts. This helps break down the amount in the correct account. Your bank account will serve as the parent account.
For further guidance, please see this article: Create Subaccounts in your Chart of Accounts.
In case you'd like to move the money from one account to another, I'd suggest checking out this article to learn how: Transfer Funds Between Accounts.
Additionally, I've added our Reconcile workflow for reference. This will guide you in making sure the QuickBooks amounts match your real-life bank and credit card statements.
Please get back on this thread if you need assistance managing your accounts in QuickBooks. I want to ensure everything is taken care of.
Hi crshepard,
Hope you’re doing great. I wanted to see how everything is going about splitting your bank account into two asset account. Was it successful? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.
Looking forward to your reply. Have a pleasant day ahead!
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