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
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 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.
