Well, you have already known aboutQuickBooks software and it’s amazing functions. Sometimes, you need to create
multiple accounts in QuickBooks. Today, we are here to tell you about a
clearing account that needs to be created to move money from one account to
another. The information provided in the following article appears to be suited
for a
clearingaccount in QuickBooks. You can get all the aspects related to aclearing account in this article. So you have to be connected with us through
this blog.
Now, we can proceed further and understanda
payrollclearing account in QuickBooks and its uses.
What is a clearing account?
Before knowing the steps to create aclearing account, you first must know what a clearing account is. This account
will help you to move money from one account to another account in case of
unable to move money directly. A clearing account usually contains a balance of
$0.00 since you will be able to take back the amount that you transfer in it.
This account is also called a Barter or wash account.
