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S
Ska-Plural
February 1, 2024
Question

Receiving E-transfers

  • February 1, 2024
  • 1 reply
  • 0 views

Hi there, 

 

I am wondering what the best way to record a deposit into my business account by e-transfer is, on QB Desktop.

 

For example, if a friend is paying me back for something, and e-transfers me to my business account. I need to receive this money, and then I transfer it into my personal account.

 

I would be receiving a deposit from an outside source, but not a customer. This leads me to think that it is incorrect to record this as a received payment. It also seems incorrect to receive this as a deposit, as it is not coming from any of my current accounts. It is coming from an outside source. 

 

Any help with this would be appreciated!

 

Thanks. 

1 reply

J
JamesM4
February 1, 2024

Hi there,

 

Thanks for contacting us here. QuickBooks is a flexible program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 

 

Recording your transactions the correct way is vital for ensuring your books remain accurate. That being said, I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. I'm here to steer you in the right direction with navigating the program.

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