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How Do You Set Up A New Checking Account In Quickbooks?

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Setting up a new checking account in QuickBooks is very easy. There are just a few steps and a couple of suggestions that may make it easier and more accurate in the long run. Remember that the more information you enter and the sooner you enter it, the easier it will be to keep track of balances, reconciliations and more. Create the bank account in chart of accounts. Find the chart of accounts under the list menu and click on it. Hit CTRL-N to create a new account and under type, choose “Bank.” Use a distinguishable name, like, “Master Checking Account” to ensure against getting another account confused with this one. Enter the bank account number and routing number here in the optional window. Optional means you won’t need to in order to get started, but it’s a good idea to have that information. The tax-line mapping will be as the IRS doesn’t care how much you have, they just care how much you make. Enter opening balance. There are a few reasons to create a new ban

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