I added a post rather than replying by mistake. Please see my latest.
Hello, johnsl. Thanks for getting back and providing additional information.
The Transfer button on the Banking page means you make a transfer from one bank account to another bank account (or credit card account). It’s not for entering an income or expense account into the transaction. For example, the money is transferred from your checking account to a savings account. It can also be used when you pay a credit card from your checking account, as long as the accounts are both on your company chart of accounts. It’s basically a transfer of funds between accounts.
So if you'd want to record the transactions to a different account, you can select the appropriate bank account from the drop-down, then click Record transfer. Please keep in mind that the system doesn’t do an actual transfer of funds, you make the actual bank transfer and record it in the QuickBooks register.
For more insights about transferring funds between two accounts, see this article: Transfer funds between accounts.
Additionally, to learn extra about downloaded banking transactions and reconciling, see the below links for a guide:
Stay in touch if you have questions while working in QuickBooks. I'm here ready to help you. Wishing you the best.
