Transfer Balance Sheet Account to different Subsidiary

To transfer Balance Sheet Account to different Subsidiary

Create clearing account

1. Go to Lists > Accounting > Accounts > New

2. Populate the following:

Name = Clearing Account

Currency = *null*

Note: It is important to set this to null so that it can be used on transactions with any currency.

Type = Other Current Asset

General Rate Type = Current

3. Click Save

. Create a journal entry to transfer from old account to clearing account

1. Navigate to Transactions > Financial > Make Journal Entries
2. Complete the Main fields of the journal entry
3. Complete the journal line items
4. Click Save

 Create a journal entry to transfer from clearing account to new account

1. Navigate to Transactions > Financial > Make Journal Entries
2. Complete the Main field of the journal entry
3. Complete the journal line items
4. Click Save