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May 9, 2020
Question

How can I transfer pay cheques from 1 account to another?

  • May 9, 2020
  • 1 reply
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1 reply

May 11, 2020

Hi there, 

 

Sometimes it's necessary to transfer paycheques from 1 account to the other and I'd be happy to assist with that. 

 

QuickBooks makes it simple to make transfers and this saves you time so you can focus more on what you enjoy. If both accounts that are associated with the pay cheaques appear in your Chart of Accounts (they usually do), you must enter the transfer as one transaction that affects both accounts, rather than entering a cheque in one account and a deposit in the other.

 

You can create a transfer between two accounts using any of the following:

  • Transfer
  • Cheque
  • Imported Bank Transaction
  • Journal Entry

Using the Transfer feature is the easiest way to transfer funds, and the easiest to recognize in the bank register. However, if you used a cheque to transfer the funds, use the Cheque feature so you can record a cheque number. I encourage you to learn more here

 

Give this a try and if you need further assistance, don't hesitate to reach out to our support team using this link.