How to Set Up and Use a Clearing Account in QuickBooks Desktop?
Clearing account is an account that you use to move money from one account to another account, when you cannot move the money directly. This account normally has balance of $0.00 as you always take out the same amount that you put in. This is also called as a barter or wash account. To know the process to set up a clearing account in QuickBooks desktop , make sure to read this post carefully till the end. Or call us at 1-888-351-0999 , and we will provide you with immediate support services. Steps to set up clearing account in QuickBooks For setting up clearing account, you can perform the steps below: · The very first step is to select the chart of accounts from the lists menu · And right click anywhere in the chart of accounts and choose new tab · Now, in the add new account window, select the bank radio tab ·...