Setup of a Maintenance Account
We are trying to set aside money to create a maintenance fund for repairs and such. The question we have is, Do we start a separate account with the bank and just transfer the amount we want each payroll to that account or is there an easy way on quickbooks to set aside money to use. We also were just thinking to keep the money in the regular business checking account and setting up an excel spreadsheet. Would love to have some help in what maybe everyone else does or what is the "correct" business way to do this.
Is this a worthwhile discussion?