I keep track of multiple accounts, three primarily get used. When I write checks, I write them from one account, but the amount is divided between the three accounts. Can quickbooks keep track of what is owed to the two non-check accounts?
I am not exactly sure what you mean by other accounts. What sort of accounts? Income, expenses,... or do you mean something else? Such as different companies, different sets of books...
I would type "classes" into QuickBooks help. This may be useful to you from what I am gathering you need.
If you need more information or you want to clarify your question, please post a comment to this question.
I hope I helped!
Kylie
When you write the check from Company #1, you will have three lines...
First is the expense to the current account - I am assuming you mean QB File for Company #1
Second line is a Receivable from Company #2. Third line is REceivable from Company #3.
These receivables are set up as Current Liabilities on Company #1's Chart of Accounts.
Now, open up Company #1. You have a PAYABLE there. Create a new A/P called DUE TO COMPANY #1. Now record the amount you owe Company #1 as a Bill. When you record the bill, the Expense is whatever the expense is and the A/P Account to use is DUE TO COMPANY #1.
Do the Same thing for Company #2.
So, every time you pay a bill for a three companies you need to record the amount the other two owe the company that paid the bill on their behalf. The receivable will grow to Company #1 and the Payable will increase to Company #2 and Company #3.
Hope this helps and is what you were actually asking. If so, please mark Solved. Thanks.
Debbie
