Well, you have already known about QuickBooks software andit’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 clearing
account in QuickBooks. You can get all the aspects related to a clearing
account in this article. So you have to be connected with us through this blog.
Now, we can proceed further and understand a
payrollclearing account in QuickBooks and its uses.
What is a clearing account?
Before knowing the steps to create a clearing account, youfirst 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.