![]() ![]() From the Transfer Funds From dropdown list, select the bank account that the money is coming from. ![]() If you haven’t imported the transaction from your bank yet, the easiest way to record a transfer of funds is to use Transfer in QuickBooks. Journal Entry (Check with your accountant before making a journal entry).Matching imported bank transactions* (only available if you have one or more connected banks).You can create a transfer between two accounts using any of the following: If both accounts appear in your Chart of Accounts (they usually do), you must enter the transfer as one transaction that affects both accounts, rather than entering a check in one account and a deposit in the other. When recording a money transfer between two accounts in QuickBooks, accidental duplication of the transaction is a common mistake. We’ll show you options for how to record transfers and best practices to avoid mistakes. When you move money from one account to another, you will need to record the transaction as a transfer in QuickBooks. Learn how to record a transfer between two accounts in QuickBooks Online.
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