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January 7, 2021
Question

Categorizing a savings transfer in and back out

  • January 7, 2021
  • 1 reply
  • 0 views

Would anyone know how to categorize a savings transfer into the business acct and then placed back into the savings account? PLEASE HELP.

1 reply

January 7, 2021

Hello there, @Ramon01.

 

We can categorize the transactions as Transfer if you're moving funds from your business to your account or vise versa. They will be excluded from the estimated taxes calculation. You can use this link for reference:

I'm also adding this article about categorizing money transfers in QBSE: Categorize money transfers in QuickBooks Self-Employed.

 

Drop a comment below if you have other questions. I'm always here to help. Take care!