Additional Checking/Savings Accounts

[Turning Point]

Our church has opened a new checking and savings accounts with a new bank. How do I set this up since we also still have accounts at the old bank? We will eventually close the old accounts but for now we have accounts at 2 different banks.

Thanks.

Lisa

[NeilZ]

Our church has opened a new checking and savings accounts with a new bank. How do I set this up since we also still have accounts at the old bank? We will eventually close the old accounts but for now we have accounts at 2 different banks.

Thanks.

Lisa

You will have to add the new accounts as new assets. If your current checking account is listed as 01-1110-000, the new one should be 01-1120-000. This also means that you'll need to make sure that when you write checks that you use the new account. The reconciliation process is the same, exactly you would choose the new account number.

Same with savings, if the current one is 01-1210-000, the new one can be 01-1220-000.

This thread may help: viewtopic.php?f=3&t=12462&p=40100&hilit ... set#p40100