If I want to cut 1% of any received amount and send it to savings section, can it be done directly?

Greetings and welcome to the Community space, @nnrl-331. I am delighted to assist in providing valuable insights on the topic of depositing the 1% directly into your savings account.

Yes, it can be done directly by depositing the 1% amount to your savings account. If the transactions are still in the Receive Payment option, you partially deposit the 1% to your savings account. Let me guide you on how:

1. Select + New and choose Receive payment.
2. Choose the name of the customer.
3. From the Payment method dropdown, select the payment method.
4. From the Deposit dropdown, pick the account you put the payment into. Tip: You can put the money directly into an account, like your current account.
5. In the Outstanding Transactions section, tap the checkbox for the invoice you're recording the payment on.
6. In the Payment field, enter the amount you want to deposit in your Savings account.
7. Enter the Reference no. and Memo if needed. This is optional.
8. Click Save and close.
   

If you have already deposited the amounts, you can transfer money from one account to another. You can perform this process directly and still receive the amount. Here's how:

1. Select + New and choose Transfer.
2. From the Transfer Funds From the dropdown list, select the bank account that the money is coming from.
3. From the Transfer Funds To dropdown list, select the bank account that the money is going to.
4. In the Transfer Amount field, enter the amount being transferred.
5. Choose Save and Close or Save and New to complete the transfer.
   

The following article has detailed information regarding the procedure:

• Record invoice payments in QuickBooks Online
• Transfer funds between accounts

I've included the following articles as well, in case you need guidance on depositing bank transactions and reconciling accounts for future use:

• Record and make bank deposits in QuickBooks Online
• Reconcile an account in QuickBooks Online

Don't hesitate to post here again if you have any other concerns regarding receiving amounts in QuickBooks. I'm always prepared to assist you. Have a great day, and stay safe.