Transfering funds between accounts

Here's how you record a funds transfer from one account to another.

  1. Transfer the funds at your bank or on the Web.
  2. In Quickbooks, choose Banking > Transfer Funds.
  3. Enter the date when you want the transfer record to appear in Quickbooks.
  4. Enter the amount you transferred.
  5. Select the accounts you want to transfer funds from and to. You'll see the balances of both accounts to the right of the accounts fields.
  6. (Optional) Enter a memo for the transfer.
  7. Click OK to save your transfer and close the Transfer Funds window.

Tip: Click Next to save your transfer and go on to a new blank transfer if you've got a bunch of transfers you need to enter all at once.