Hello there,
We have currently 3 bank accounts - Main Operating Account and 2 sub-bank accounts. The Main Operating account is set up in QuickBooks and linked with the bank. Transactions are imported from the bank and are then categorized.
We wanted the remaining 2 bank accounts also set up in QuickBooks and then linked with the bank. For this purpose, we created a new bank account in QuickBooks chart of accounts and tried linking the same with the bank through the Banking tab in QuickBooks. While the connection was successful and transactions were imported, we noted that transactions from the main bank account where also brought in again to QuickBooks leading to duplication. In order to resolve this, we deleted connection with the bank for the new account. However, we note that in the Balance Sheet, the new account has a carrying opening balance. Could you assist with the following query :
1. How do we rectify the carrying opening balance appearing under the new bank account in the Balance Sheet?
2. How do we set up the additional 2 bank accounts in QuickBooks, link both with the bank and import transactions only that pertain to these accounts?
Thanks
Savita
