We are selling some of our land and our leadership team wants to split the money into different banks to make sure everything is FDIC insured. How do I handle that in PC? I assume that I cannot just keep doing the normal accounting as I can't imagine how I would balance the accounts.
Any ideas or suggestions?
Lisa
How do I handle two banks?
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Re: How do I handle two banks?
I'm assuming that these funds will be in savings? You just create new asset accounts for each. Each account is reconciled separately.Turning Point wrote:We are selling some of our land and our leadership team wants to split the money into different banks to make sure everything is FDIC insured. How do I handle that in PC? I assume that I cannot just keep doing the normal accounting as I can't imagine how I would balance the accounts.
Any ideas or suggestions?
Lisa
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.