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Utilize a clearing account
https:// quickbooks.intuit.com/learn-support/en-us/help-article/accounts-receivable/set-clearing-account/L8njrx6WC_US_en_US?uid=l1d1zv8n
Hi there, @michael192.
Yes, Fiat is right. You can utilize the clearing account. In QuickBooks, a clearing account is used to move money from one account to another without moving it directly. This is like a holding account that holds your fund until you’re ready to move it. Just follow these simple steps:
Once done, you can proceed in creating a journal entry to move the money into the right account. Here's how:
You can also check this article for more details about this. Although it’s for QuickBooks Desktop (QBDT), it also applies to QBO in using a clearing account: Set up a clearing account.
Once everything is settled, you might want to read this link that serves as your guide in reconciling your accounts effectively: Reconcile an account in QuickBooks Online.
Let me know if there’s anything else you need help in managing your accounts in QuickBooks. I’d be more than happy to assist you. Take care, and keep safe.
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