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Simple
June 20, 2024
Question

How to set up a money market account for interest earned in QB 2022 Desktop

  • June 20, 2024
  • 1 reply
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We are a non-for profit church. We opened a money market account for money to earn interest. How do I set this type account up in QB 2022 Desktop? And how do I make the interest earned each month deposits to this money market account?

1 reply

Rainflurry
Rainflurry
June 20, 2024

@Simple 

 

Set up a bank account in QB called "Money Market Account" or whatever you want to call it.  If you transferred funds from another bank account in QB, go to Banking > Transfer Funds.  When you receive interest, create a bank deposit (Banking > Make Deposits) for the interest received.  Select the money market account under 'Deposit To' and Interest Income under 'FROM ACCOUNT'.     

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