Reserve Funds

by Wendi

How can I reserve funds to another checking account without affecting my profit and loss in quickbooks? We would like to set aside these extra funds that are keeping us under budget for our typical leaner summer months, yet we can easily track these reserved funds? Thanks for any help you may be able to provide! - Wendi

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Bank Accounts are Assets
by: Vickey

Set up that second bank account in QuickBooks. Bank accounts are considered asset accounts and do not affect your profit and loss statements. Its balance would show on the Balance Sheet.

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