I work with a KPI system which is used to reconcile our bank accounts. We have recently went from using one KPI account to two, as there are now technically two companies with separate bank accounts. However, money is sometimes transferred between them, meaning when I am reconciling all transactions on both, it is impossible to record a transfer of these funds, the reason being that both bank accounts are divided, one in each KPI account.
Can anyone give me advice on how to resolve this issue? Should a dummy bank account be created on both, so that the transfers can still be recorded accurately without losing the accuracy of the actual bank account balances?
Book-keeping is not my usual speciality so any help you can provide would be useful. Thanks!
