Final answer:
When recording a check in QuickBooks Online, selecting the correct bank account from the register is necessary for maintaining accurate financial records and tracking cash flow correctly.
Step-by-step explanation:
When recording a check written in QuickBooks Online (QBO), it is indeed necessary to select the account in the register. This refers to choosing the bank account from which the funds are being withdrawn. In QBO, each transaction, including checks, must be associated with the proper account to ensure that the financial records are accurate and that the company's bookkeeping reflects the reality of its financial transactions.
The process typically involves filling out the check details in the QBO interface, where you input the payee, the amount, and the date. Then, you would choose the correct bank account the check is drawn on. This is crucial for keeping track of cash flow, reconciling bank statements, as well as for overall accounting accuracy.