QB Issue Resolution:
Correct procedure is to use designated “Transfer” screen form to record banking transfers from Savings to Checking or vice versa.
To do this task, from the homepage screen
Select Create (+) sign
Select “Transfer” under Other heading
This is where you will record transfer entries.
Resolution for Issue 'How do I handle transfers between our checking account and our savings account? I often make transfers back and forth but am not sure what the correct accounting procedure is for these transactions on the registers?' available: Yes (Solved).
Source: Intuit Community forum.
How do I handle transfers between our checking account and our savings account? I often make transfers back and forth but am not sure what the correct accounting procedure is for these transactions on the registers?: 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 Quickbooks
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