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May 1, 2024
Question

I did a FX from my EUR bank account to USD bank account. How do I book the transfer. Quickbook said to use Credit Card transfer but I still see error message

  • May 1, 2024
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1 reply

May 1, 2024

I can help you make a transfer in QuickBooks Online (QBO), pin.

 

Beforehand, may I know the specific error message you encountered?

 

If you've followed this article to record a credit card transfer in QBO and get the error please know that you can’t use multi-currencies to transfer funds from a bank to a credit card account. That may be the reason why you get the error message.

 

Since you're using a different currency, you can refer to the steps below to record the transfer in QBO without error.

 

  1. Click on the + New button, and select Transfer.
  2. From the Transfer Funds From the dropdown list, select the Euro bank account that the money is coming from.
  3. From the Transfer Funds To dropdown list, select the USD bank account.
  4. Enter the amount being transferred in the Transfer Amount field.
  5. Fill out all the necessary details.
  6. Click Save and Close or Save and New to complete the transfer.
  7. Then, hit Yes to confirm.

 

For more details and other ways to record transfers in QBO, refer to this guide: Transfer funds between accounts.

 

I've added this link for reference in reconciling your accounts so that they always match your bank and credit card statements: Reconcile an account in QuickBooks Online.

 

Keep me posted if you have follow-up concerns in managing the transfer. I'm always here to help you.