I would like to reserve money for occasional, significant expenditures like replacing depreciable assets that have reached the end of service. In the past, I have kept the necessary funds in an operating account and applied them as necessary. I would like instead to have the funds reserved, either in a separate "real" account, i.e., open a new bank account, or in a separate QB account. I am looking for a process that I can match up against a monthly budget.
Is a separate bank account the only way to go?