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fbcv
December 2, 2024
Question

Line Item transfers within the same account

  • December 2, 2024
  • 1 reply
  • 0 views

I'm not sure how to explain this, but here goes. I have one bank account, but the money is divided in Quickbooks into several line item accounts. I need to move money from line item A to line item B. If I write a draft check from the one line item and record a deposit for the other, I have unreconcilable entries. What do I do?

1 reply

B
BabyB
December 2, 2024

Welcome to the Community @fbcv.

 

Let's discuss your concern about transferring funds to a specific line item account and handling unreconciled entries.

 

Transferring funds directly to a line item account isn't possible in QuickBooks Online (QBO).

 

But if you're referring to income transactions that don't affect directly the amount of the transactions, you can directly change the amount of that line item so it will match your downloaded bank transactions.

 

On the other hand, if you're referring to expense transactions, I suggest creating a journal entry to move the balances of the line item accounts. Please refer to your accountant if you need further assistance on what accounts to use to ensure your books are accurate.

 

Please refer to this link if your downloaded bank statements don't match at the end of reconciliation: Fix issues at the end of a reconciliation in QuickBooks Online.

 

For further questions about transferring line items amount to another one. Please leave a comment below. We're always ready to help.

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