How do I create a transaction to transfer from Cash on Hand Account to a Bank CD Account?

It's great to have you here in the Community, cmikewebre. I'd gladly walk you through the process of transferring funds from a Cash on Hand account to a Bank CD account in QuickBooks Online.

First, you'll need to create a Bank CD account in your Chart of Accounts. To do this, you can follow the steps outlined below.

1. Navigate to the gear icon at the top right corner.
2. Under Your Company, select Chart of accounts.
    
   

    

3. Click the New button.

    

4. Enter an account name and select the appropriate account and detail types.
5. Press Save.

    

Afterwards, follow the steps below to create a transfer from one account to another.

1. Go to the +New button.

    

2. On the Transfer Funds From dropdown menu, select the Cash on Hand account.
3. On the Transfer Funds To dropdown menu, pick the Bank CD Account.
4. Enter the Transfer Amount and the Date of the transaction.

    

5. Click Save and close.

You can also refer to this article about recording transfers for more information: Transfer funds between accounts.

For future reference, here's a comprehensive guide on ensuring your QuickBooks accounts match your real-life ones: Reconcile workflow.

Should you have other banking concerns in QuickBooks, please don't hesitate to leave a reply below. I'll be right here to address them for you, cmikewebre. Keep safe!