Hello. I am new to QF and setting up my opening balances.
I have two ‘savings’ bank accounts associated with my current account which I use to provision for corp tax and VAT. They are not building society accounts and their balances are entirely separate from my current account.
I wasnt sure what category of account to use on the Journal options for these. Can someone advise me please?
Many thanks.
It doesn’t really matter too much - it’s just which heading they appear under on the main banking page. If you’re not intending to use automated feeds for these extra accounts then I’m pretty sure it makes no difference at all, I’d just list them as either reserve accounts or current accounts.
OK. Thank you. Much appreciated.
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