transfer funds between bank accounts

Hello, stephengroeschel.

Yes, you need to record a transfer when you move money from one account to another. This is one of the best practices for ensuring that all money flows are properly recorded.

Here's how:

1. Go to the +New icon.
2. Select Transfer under Other.
3. In the Transfer Funds From dropdown, choose the bank account the funds are moved from.
4. Locate the receiving bank account under the Transfer Funds To dropdown.
5. Enter the transfer amount and the date.
6. Once done, hit Save and close.

For more details, you can review this article: Transfer funds between accounts.

In addition, I've added this resource to ensure your bank transaction are placed in the correct accounts: Categorize and match online bank transactions in QuickBooks Online.

You're always welcome to add any details if you have further questions with banking. I'll be here to help you.

Following up on what @Giovann_G  said...

You always want to enter all transactions when they occur.   The Bank Feed is to show you what has happened at the bank (cleared) and *IF* it matches what should have happened.  I wouldn't recommend you just Accept the Bank Feed to fill in the transactions.  

Then your month end Reconciliation should confirm what you think you have in the bank, what the bank thinks you have and a confirmation of what checks or credit card charges have not yet cleared. 

Transferring money between different bank accounts is a common need for most people. I myself have three different banks I use for my personal and business needs, and I initiate transfers between them at least once a week. In other cases, I might be sending money to someone else, which also requires a bank to bank transfer.

www.wyndhamrewards.com