Set up for Multiple Checking Accounts

[Robin in Florida]

We currently have a dozen funds with one checking account. Now we're going to set up a separate checking account for just two of the funds. All of the others will stay with the old checking account. I have set up the new checking account as an asset but do not know and cannot find in the manual how to direct the two funds to the new checking account.

My goal is to receive a bank statement from each bank/checking account and be able to reconcile 2 accounts to one statement and the rest of the accounts to the other statement.

Can anyone direct me with this?

[Zorak]

If you are using version 9 or 10 of the program, go to the Maintain Chart of Accounts screen under the Fund Accounting menu. There you will need to locate the new account that you have added. In the middle of the Maintain COA screen, there is a section labeled "This account is used in the following funds:" There is an "Add acct to fund" button.

This will bring up a list of accounting funds, place check marks in the boxes to the left to add the account to the selected funds.

In versions 8.5 and prior, you would just add the new account multiple times, once for each fund (01-1120-000, 02-1120-000)

[Robin in Florida]

I thought that except now my two funds are listed for both checking accounts. Do I then delete them from the original account?

[Zorak]

If you have posted transactions to an account in a particular fund, you won't be able to delete it (using the Delete acct from fund button). You do have the ability to mark accounts inactive, which will keep them from being posted to again.

Click on the Details button next to the fund listing you want. There is an Active checkbox at the top right of the Account Details screen.