Main/Sub Bank accounts and reconciling

I've got the information you need, GabeFleming. I'm here to help you achieve your desired outcome. 

Currently, QuickBooks Desktop does not have a direct feature to split transactions from a parent account to different sub-accounts. However, there's a workaround that can help you achieve the desired outcome.

To address this issue, the best approach would be to exclude the bank transaction first. After excluding the transaction, you can create separate deposits for each of the sub-accounts. While this process may involve additional steps, it will enable you to maintain clean reconciliation records and ensure accurate tracking of funds for each individual.

Here's how:

1. Go to Banking, then select Make Deposits.
2. In the Deposit To column, select the sub-account you want to put the deposit into
3. From the Received From column, choose your customer. 
4. Enter the date you deposited at your bank.
5. Once done, tap Save & Close.
    

Repeat the process for the second sub-account. 

Once done, follow these steps to mark the transactions as cleared in the register manually:
 

1. Go to Lists, then select Chart of Accounts. 
2. Find the account you want to review.
3. From the ✔ column, click the blank space until the ✔ is visible. It means that the transaction is now cleared. 
    

I'm adding this article for you to have a guided when you reconcile your account in QuickBooks Desktop: Reconcile an account. 

You can reach out again if you require additional help or clarification regarding your transactions. I'm always here to help you. Best wishes!

Thanks for the reply!

But I don't actually see how this fixes the issue that I am having. When I go to reconcile, I reconcile the parent account, not the child accounts. Following the process that you are describing, this will still show up as two separate transactions instead of one. 

Thanks for your reply!

But I don't see how this is supposed to fix my problem. When I go to reconcile the parent account, this will still show two separate transactions instead of one. 

I'm glad you returned to the discussion and provided more clarifications. I'll offer additional details regarding this query.

I understand the importance of being able to carry out QuickBooks activities efficiently. Please be aware that the feature to split bank balances between child accounts, reconcile them individually, and show them as one reconciliation in your Parent account is not supported in QuickBooks Desktop (QBDT) because it is a designed function of the program.

You may consider following the steps provided by my colleague above for your workaround.

You can also find information and monitor your bank transactions in QBDT by running banking reports and personalizing their data.

I'm always prepared to get back to you if you have further questions when handling your transactions within the program. Simply keep me posted by commenting below or reposting the Community section.