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Sep 26, 2024 2:26 PM UTC
Question

We use QBO and are looking at connecting our bank to our QB account. There is concern about the connection. We had a couple questions about this?

If we added a transfer in QBO between accounts, does it transfer the money at the bank as well?

1 reply

Sep 26, 2024 4:40 PM UTC

I'll take care of your question about bank transfers in QuickBooks Online (QBO), Lynette. 

To start with, can you provide more details about your bank connection concern? Have you stumbled upon any error alerts while linking your bank to QBO?

On the other note, you can manually log the transfer into QuickBooks. Moving funds from one account to another doesn't affect the real transfer of money, as QBO is primarily used for documenting financial transactions.  

For more details about recording transfers to QuickBooks, check this article: Transfer funds between accounts. 

 

Once you've successfully link your bank to QBO, I'd recommend categorizing your transactions to track and manage your financial records, ensuring accurate and efficiency. Additionally, don't forget to reconcile your accounts to avoid financial discrepancies. 

If you need additional support with connecting your bank or documenting your transfers within QuickBooks, please let us know. We're always here to help. Have a good one.