+5
We are moving our main business cash account to a new bank. I am wondering what most people do.
Hi,
Once a cash account is used in the transaction, you are not allowed to change payment institute. Actually a cash account represent the bank account in the bank. I am always creating a new cash account when there is a new account for the company.
And naming convention of cash account is important here for the future. I dont use generic code but specific codes.
Hope this helps
+5
Thank you gumabs - your response was exactly the type of information I was looking for! Once we start the new account - I may have more questions but at least you are giving me a good jump start!
Good luck with your setup :)
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