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April 22, 2024
Question

How do I specify a category when transferring between bank accounts?

  • April 22, 2024
  • 1 reply
  • 0 views
I have  a money mark subaccount that has a specific category.  I'd like to transfer funds from this account to my checking and recategorize it, how can I do this?

1 reply

April 22, 2024

Transferring your funds from one bank to another is easy to do in QuickBooks Online, @stewartsbaker. Let me assist you on that. 

 

Re-categorizing your bank's funds is currently not available. In QuickBooks Online when transferring bank funds it will only give you choices of which bank it will come from and to which bank it will transfer. However, transferring your funds is possible.

 

 Let me show you how:

  1. Go to +New.
  2. Under Other, select Transfer.
  3. Choose from what bank it will be deducted and transferred to. 
  4. Provide the necessary information, edit the date, and enter a description in the memo field (optional)
  5. Click Save and Close.

 

You can also check this article to learn more about transferring bank funds: Transfer funds between accounts.

 

Moreover, let me share these articles that can help you manage your banking in the future: 

 

 

Keep me posted if you still have concerns with your bank funds. Have a great day, and take care!