QuickBooks Bank Accounts

Within QuickBooks you should setup a Bank account for:

*Petty Cash

*Checking

*Savings

*Money Market

Create separate Bank accounts for any accounts that you receive Statements for this will help you reconcile your accounts and ensure that you are accounting for all of your bank transactions.

QuickBooks Help states you should use Bank accounts to track “Checking, savings, and money market accounts. Add one bank account for every account your company has at a bank or other financial institution. (You can also use this type for petty cash.)”

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