Hi. I recently transferred money between my business checking and savings accounts at the end of the month. For the first time ever, it showed up in my checking account on the last day of the month and my savings account on the first day of the next month. How do I book this so that I can reconcile my accounts at the end of the month. Do I use a current liability account or maybe the undeposited funds account? Thanks for any insights.
Of course! Duh. Not sure why I thought I couldn't mark an event in quickbooks as reconciled just because it didn't conform to the exact date in my account. Probably thinking of end of year accounting, where you might have to use current liability accounts to book future payments.