USA Sweep Account Setup & Booking Help

Apr 6, 2023
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United States
Does anyone know how to setup and book the transactions from a Sweep account? In order to secure funds over the FDIC coverage, the C-Corp I work for has decided on setting up 2 Sweep Accounts, One account for Operating and one account for payroll. I understand the ins and outs of the account itself but am struggling a bit on the best way to set these accounts up, and then how to book the activity from the account (in Sage 100 Contractor). My inclination is to setup both Sweep Accts as the primary accounts then have the checking as a sub account since it has the set dollar amount assigned. Does anyone have experience in setting up the accounts and booking the activity? Hopefully with some Sage experience as well.

Any and all suggestions are appreciated!

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