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R. Klein, EA
R. Klein, EA, Accountant
Category: Financial Software
Satisfied Customers: 3375
Experience:  A member of the Intuit Ask a Tax Expert team and 10 years as QuickBooks Certified Pro Advisor.
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I use Quickbooks software. I have one bank account with the

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I use Quickbooks software. I have one bank account with the credit union but have a savings account of $25 to be able to use the checking account. The problem is how I set the two accounts up, if I make a deposit in the checking account it also registers in the saving account and so it looks like I have twice as much money. Any way it needs some restructuring. Could someone tell me how to set this up so each account at the same bank stay separate?

R. Klein, EA :

Leroy:

R. Klein, EA :

Thanks for your question today.

R. Klein, EA :

You should set up your QuickBooks so that the two accounts are completely independent of each other. It sounds like you have one account as a SUBaccount of the other.

Customer:

thanks for helping

Customer:

yes that's what I did

R. Klein, EA :

They are not sub accounts. A sub account will always "total up" to the main account.

R. Klein, EA :

You can edit the sub account and remove the Sub account checkbox.

Customer:

could you tell me the steps to undo them

R. Klein, EA :

Open the chart of accounts (CTRL-A)

Customer:

I don't do this very often - as you can see. Okay

R. Klein, EA :

right click on the sub account name. Click edit

R. Klein, EA :

Under the account name is XXXXX XXXXX that says Sub account. Take the X out of the box

Customer:

Okay

R. Klein, EA :

That makes it a separate account

Customer:

So now I go back and delete all the transactions except the $25 deposit?

R. Klein, EA :

If there are transactions in the savings account, you will need to move them so that they are ONLY in the checking account.

Customer:

Okay, I think I understand. Thank you so much. I'd be here all afternoon pulling my hair out trying to figure this out. You've been very helpful.

R. Klein, EA :

Do move a single transaction, go to the transaction in the register, click CTRL-O to copy the transaction. Then go to the other account and go to a new transaction line and use CTRL-V to paste.

R. Klein, EA :

Then you can go back to delete the duplicate transaction.

R. Klein, EA :

OK good luck. If you need more help just ask!

R. Klein, EA and other Financial Software Specialists are ready to help you

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