Did you transfer money from your business checking account to pay your credit card bill? Did you move money from your money market account to your operating account? Did you know you can transfer funds between balance sheet accounts in QuickBooks when you do one of these things? It’s easy!
For QuickBooks desktop, go to the banking menu and select Transfer.
For QuickBooks Online, go the plus sign to Add, then under the Other menu, select Transfer.
All you have to do is tell QuickBooks which account the money came out of and which account it went to, write a memo so you remember why you transferred the funds, then save. It’s that easy!