To transfer fund between accounts within QuickBooks

From the home page screen

  • Click Create (+) Sign
  • Under “Other” select Transfer

Here you can record the transfer, just click Save and Close when you’re done.

In this example (see screenshot photo for reference), it’s transferring $1,000.00 from Checking Account to Savings Account.

  • Transfer Funds From = Money coming out from that account
  • Transfer Funds To = Money going into that account
  • Transfer Amount = Amount transferred from one account to another account
  • Memo = To record transfer information. Indicate reason if necessary.
  • Balance = Existing QuickBooks Balance before this transfer recorded
  • Attachments = Attach bank receipt for record

from create + sign to transfer

sample transfer transaction

New QuickBooks Online Plus – How to enter various expenses in new QBO?

QuickBooks Online (QBO) Tutorial – Customer Invoice, Sales Receipt, Receive Payment, Bank Deposit

Banking Transactions

How can I edit the list of recommended matches for a transaction?

You will need to follow exactly the following steps. You will see MATCH green sign under “New Transactions” section (blue navigation bar on the left > transactions > banking) of bank downloaded deposit (Received) column. In your case for $975.00!

Step#1 Invoice (create + > customers > invoice) for $1,000

Step#2 Receive Payment (create + > customers > receive payment) > select Deposit to: Undeposited Funds account from the drop-down > payment amount = $1,000

Step#3 Bank Deposit (create + > other > bank deposit) >

   “Select Existing Payment” section > amount = $1,000

  “Add New Deposits” section > account = merchant service fees > amount = -$25 (notice negative amount)

Total deposit amount = $975


helpful video2
Helpful Tutorial Video:
QuickBooks Online: How to record fees from credit cards, paypal, square, merchant processors