Skip to main content
March 31, 2021
Question

Entered deposit in wrong account and can not reenter into the right account

  • March 31, 2021
  • 1 reply
  • 0 views
Have an electrical income account and a hvac income account. When posting the deposit, the deposit automatically goes into the electrical account which I can't change.

1 reply

March 31, 2021

Hi @omegafinancing,

 

You can use the Transfer function in QuickBooks Online (QBO) to move amounts from one bank account to another. 

 

Let me show you how:

 

  1. Go to the + New menu.
  2. Select Transfer.
  3. On the Transfer Funds From drop-down menu, choose the bank account where the amount will come from. 
  4. On the Transfer Funds To drop-down menu, pick the bank account where the amount is going. 
  5. Enter an amount on the Transfer Amount field.
  6. Fill up the Date field.
  7. (Optional) Enter a description in the Memo field.
  8. Hit Save and close.

You have other ways to record a transfer of funds in QBO. Take a look at this article for the complete list: Transfer funds between accounts

 

You also have the option to sync your online bank accounts to your QBO company. This way, you can save valuable time when recording bank transactions because they're automatically downloaded. See this article for the steps: Connect bank and credit card accounts to QuickBooks Online.

 

I'll be glad to assist you further if you have other concerns with your bank accounts in QBO. Post a reply below, and I'll take care of it.