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EmmaY
August 2, 2021
Question

Journal for bank debit to second business

  • August 2, 2021
  • 1 reply
  • 0 views

We have just opened a new company; but an invoice for the new company was paid into our old company's bank account via card payment.  What journal do I use to transfer the money from the old company's bank account to the new company? Thank you.

1 reply

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Ashleigh1
August 2, 2021

Hello EmmaY, 

 

Welcome to the Community page, 

 

So yes you can do a journal entry, if you are not sure on how to enter this journal entry into your Quickbooks account then you will need to speak to a trained and qualified accountant who will be able to advise and guide you on how to do this as we are not trained accountants just technical support. 

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EmmaYAuthor
August 9, 2021

Thank you for your reply.  I do know how to do a journal but was wondering if I could have some help with what accounts to use/set up.  Many thanks.

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payment after leaving
August 9, 2021

Hi EmmaY Has the money now been physically been transferred from the old account into the correct account?

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