QB Issue Resolution:
I’m here to help record a funds transfer from one account to another in QuickBooks Online.
Please make sure both accounts show in your Chart of Accounts to record the transfer. There are four ways to track a bank transfer between two accounts.
Here’s the list:
- Imported Bank Transaction
- Journal Entry
The detailed steps are outlined in the article below depending on the method you use:
Answer 2: Sounds good. One thing I can say about the Chart of Accounts is that it’s flexible. There are some standard accounts you must have, but you can structure and tailor it to your client’s specific needs. As they learn more about what they need, you can continue to refine the process by adding new accounts, subaccounts, and shuffling around existing workflows.
Resolution for Issue 'Hi! Good morning, Can anyone help me out here? The owner transfers money from company checking account into company money market account, how do I categorize this in QB? What do I label the chart of account? Just want to make sure I am labeling everything correctly. Thank you in advance!' available: Yes (Solved).
Source: Intuit Community forum.
Hi! Good morning, Can anyone help me out here? The owner transfers money from company checking account into company money market account, how do I categorize this in QB? What do I label the chart of account? Just want to make sure I am labeling everything correctly. Thank you in advance!: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Chart of Accounts
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Error Recovery for Chart of Accounts [Canada]
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