Multi-Company Transfer Accounts Between Companies

Create an Intercompany GL account.

Create a chequebook payment to zero out this account as per the below screenshot.

Tick the original GL Account as Inactive.

Create a new GL Account.

Create a deposit  to add in the opening balance for this GL account.

Companies with multi-company setups should have this Intercompany GL account which is used to transfer money between two bank accounts from different companies.