Banking Transfers

Hi there, @Melb1736.

I'll help record a bank transfer from a bank account within QuickBooks Online (QBO) to another.

When you process a bank transfer, you'll need to have both bank accounts added in QBO. However, it still depends on whether it's a personal or a business account. If the other bank account isn't in your QBO account is a business account, you'll want to add it first in the Chart of Accounts. This way, you can process the bank transfer. Here's how:

1. Click Accounting from the left menu, then select Chart of Accounts.
2. Select New.
3. Choose Bank from the Account Type drop-down. Then, select the Detail Type and enter the Name.
4. Click Save and Close once finished.

Then, you can now proceed on recording the bank transfer for both bank account. Please be guided to the steps below:

1. Click the + New button, then select Transfer.
2. From the Transfer Funds From drop-down list, select the bank account that the funds are coming out of.
3. From the Transfer Funds To drop-down list, select the bank account the funds are being deposited into.
4. In the Transfer Amount field, enter the amount being transferred. Then, edit the Date.
5. Select Save and close.

However, if the bank account is personal, we do not encourage mixing personal and business funds in QBO to avoid issues in balances.

Moreover, if the other bank account is tied with another QBO account, you can read this article to learn how to move money from one company to another: Transfer funds between companies.

Please know that I'm just a reply away if you need any further assistance recording a bank transfer in QBO. Have a good one.