#QUICKEN ESSENTIALS FOR MAC TRANSFER BETWEEN ACCOUNTS HOW TO#
Here’s how to use Match in your banking feed:
Then you can match the transaction from the other account.
If you have imported transactions in your banking feed for both accounts that aren't entered as a Transfer in QuickBooks, you can record it as a transfer from one account. Match a transfer in your imported bank transactions Select Save and new or Save and close to record the check.From the Category column, select the account the funds are going into.From the Bank Account field, select the account the funds are coming out of.Enter the check as you normally would, including the check number.If you used a physical check to transfer funds, you can record the transfer and the check number using the Check window. You can find the recorded transfer by opening each account register in the Chart of Accounts. Select Yes if you double checked the date.Select Save and close or Save and new to complete the transfer.Enter a description of the transfer in the Memo field (optional).In the Transfer Amount field, enter the amount being transferred.From the Transfer Funds To dropdown list, select the bank account that the money is going to.From the Transfer Funds From dropdown list, select the bank account that the money is coming from.If you haven’t imported the transaction from your bank yet, the easiest way to record a transfer of funds is to use Transfer in QuickBooks. Journal Entry (Check with your accountant before making a journal entry).Matching imported bank transactions* (only available if you have one or more connected banks).You can create a transfer between two accounts using any of the following: If both accounts appear in your Chart of Accounts (they usually do), you must enter the transfer as one transaction that affects both accounts, rather than entering a check in one account and a deposit in the other. When recording a money transfer between two accounts in QuickBooks, accidental duplication of the transaction is a common mistake. We’ll show you options for how to record transfers and best practices to avoid mistakes. When you move money from one account to another, you will need to record the transaction as a transfer in QuickBooks. Learn how to record a transfer between two accounts in QuickBooks Online.