Thanks for your prompt reply, @savita-clearnexu.
Selecting multiple bank accounts when billing your customers isn't available. Also, you can only select one bank account when receiving invoice payments.
As a way around, you'll want to create a separate invoice for each business unit. This way, you'll be able to deposit the payments to your preferred bank account. I'll show you how.
- Create an invoice for Unit 1 in your QuickBooks Online (QBO).
- Once your customer pays for it, record the payment and deposit it to your Bank account 1.
- Do the same process for your Unit 2.
I'd also recommend working with your accountant for additional guidance. They can advise you on other ways to record this and ensure the accuracy of your accounts.
Once you're all set, you might want to utilize this link for guidance in efficiently matching your bank and QuickBooks balance: Reconcile an account in QuickBooks Online.
You can always count on me if you need more help with your invoices and bank deposits. Just add the details in your reply and I'll get back to you as soon as possible. Keep safe, and have a great weekend ahead!
