QB Issue Resolution:
Actually the subject line is wrong on this post I’m asking about categorizing any transfer between account either within a financial institution or across institutions- not credit cards.
If you are taking money out of the business and putting that into a personal account, then it is equity drawing for the business, and personal income
If you are putting personal money into the business, then it is equity investment for the business, and business investment for personal
Resolution for Issue 'How to categorize Credit card payment in the Credit Card account and in the Checking account. QBOL' available: Yes (Solved).
Source: Intuit Community forum.
How to categorize Credit card payment in the Credit Card account and in the Checking account. QBOL: 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 Credit Card
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Error Recovery for Credit Card [Canada]
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