in india where bank deposits are casually treated as "sales receipts', this is something that can be done in books only as opposed to physically moving funds from one bank to another....

why not have a single bank account and allocate "sub banks" as debtors/creditors as needed and make/receive payments from them so that you know how much each account "holds", a sum of which should come to the total of funds in your bank? how do you handle business loans that work on maintaining transactions in a bank?

what happens when you take a loan, you use that to pay off a creditor or buy new inventory so will you skim off that amount too? will you first send money to the "creditors bank account", then take money out of it and then pay the creditor? that sounds awful in terms of maintaining bank accounts, not to talk about reconciliations. with 1 bank, your reconciliation is always there if you make all the entries so why not do it in the easier way?

When you buy a new tube of toothpaste, one is generally liberal with the application of it. Big, fat generous gloops of minty freshness are applied to the brush, representing an obese caterpillar dressed in lycra. WTF?