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Ramon01
Level 1
posted
‎January 08, 2021 04:43 AM
last updated ‎January 07, 2021 9:43 AM

Categorizing a savings transfer in and back out

Would anyone know how to categorize a savings transfer into the business acct and then placed back into the savings account? PLEASE HELP.

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1 Comment 1
Maybelle_S
QuickBooks Team
QuickBooks Team
‎January 08, 2021 06:09 AM

Categorizing a savings transfer in and back out

Hello there, @Ramon01.

 

We can categorize the transactions as Transfer if you're moving funds from your business to your account or vise versa. They will be excluded from the estimated taxes calculation. You can use this link for reference:

I'm also adding this article about categorizing money transfers in QBSE: Categorize money transfers in QuickBooks Self-Employed.

 

Drop a comment below if you have other questions. I'm always here to help. Take care!

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