- posted 15 years ago
I am writing this for a friend and will do my best to explain.
The employee before him (I think the boss's wife perhaps) set up an
account called Bosses Personal Account. When the boss wanted to transfer
money out of the savings account for his personal use, he had her
transfer it to the "personal" account in order for it to deduct from the
business acct. They would then take the money from the business acct via
a cash withdrawl.
Problem is now the "personal" account which is no longer used and was
only a fictitious account anyway shows $xx,000 in it. QB told my friend
to delete the 4 entries and then the account, which he did. BUT, it
added the money back into the account that the transfers were originally
Does anyone know how you can completely remove an account with money in
it without the money being added back to the original account?
Quickbooks 2005 Premiere