Hello,
I have two bank accounts, one for each duplex I own (say Duplex A and Duplex B). My property management company will deposit rental income into Duplex A (only one of the two accounts). So I have to transfer the rental income related to the other Duplex B into the Duplex B account.
But when I enter all my income and expenses for a given month into each account the net difference is always the deposit that the Property Manager deposits. So I never enter the number that the Property manager deposits because it equals the net difference of all the income and expenses that I already have entered (I do this so I can have a tax summary at the end of the year from Quickbooks).
What is left though in my QB's is the deposit number. It is essentially be double counted. So my question is - is there a jounrnel entry that I could use to clear all of those deposits out? I hope this makes sense.
Thank you
