welcome to the fit small business
QuickBooks Online training course in
this lesson we're going to cover how to
transfer funds between bank accounts and
quickbooks online to follow along with
me
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helpful resources let's get started
business owners often use different bank
accounts for different purposes and need
a quick and easy way to transfer funds
in this lesson we will walk through step
by step how to transfer funds between
business bank accounts that are set up
in QuickBooks as a business owner you
may find yourself in a situation where
you need to provide a loan to your
business out of your personal funds or
you may need to withdraw money from the
business for personal expenses in the
real world you would probably transfer
money from one account to the other
however when it comes to QuickBooks you
will not be able to record a transfer
since your personal bank accounts are
not set up in QuickBooks instead you
will need to write a check in QuickBooks
to record transfers to and from personal
bank accounts and the how to write and
print checks lesson we walk through step
by step how to create checks in
QuickBooks click now to view this lesson
to transfer funds and quickbooks online
from the home page click on the plus
sign and select transfer from the other
column the transfer funds window will
display and we need to complete these
fields the first field we want to select
the account that you want to transfer
the funds from the drop-down list here
when we do that QuickBooks will show us
the current balance in that account over
to the right in the next field we want
to select the account that we're going
to transfer funds to and then QuickBooks
will also display the current balance in
that account over to the right in the
next field we want to enter indicate the
transfer amount and the transfer date
try and reflect the transfer date that
is closest to the actual date that you
transferred the money with your bank
account memo if you have additional
information you want to include about
this transfer you can enter into this
field as well
once you have completed all the fields
you can save and close once we've
completed the transfer transaction we
want to go ahead and go to the check
register to review and make sure that
everything is accurate on the left hand
side of the menu select transactions and
then banking from the banking screen we
want to click on the go to register link
on the far right and then we want to
navigate to the bank account where we
made the transfer once we locate the
account the most recent activity is at
the very top if we needed to make any
changes to this transfer we could simply
click anywhere in this field and edit
the information that is necessary once
all the information is accurate and the
changes have been made then we can save
it to gain a better understanding of the
impact that transferring funds has on
your accounts and the financial
statements click here to access the
step-by-step written lesson that wraps
up the lesson on how to transfer funds
between bank accounts and QuickBooks
Online to access our full QuickBooks
Online course or any of the other
lessons in this series click this link
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QuickBooks Online if you have feedback
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