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Hi useremacmillan.
Transferring funds between accounts to pay expenses is one of the ways QuickBooks Online helps you keep all your accounts accurate. I'd be happy to go over this with you.
Based on the way you're making these entries the best way to transfer the funds between expense accounts would be by using journal entries. Another way you can create these expenses and pay them is by following the steps in this article.
If you're looking for another way I recommend reaching out to your accountant as they may have other ways to do this. If you don't have an accountant you can find one in your area by going to My Accountant on the left hand menu and selecting Find a pro to help.
If you have any questions let us know and we'd be happy to help.
Hi Nick, thanks for taking the time. We'd prefer not to use journal entries here, since this is considered part of the accounts payable role and the entry should be possible from the Expense window. The Expense window even has the option to use "Prepaid Expenses" as a payment account, but I keep receiving the error saying something isn't right. Is there a way to turn off that restriction? Why show all asset accounts as payment accounts if we can't actually use them in this manner?
I see what you're seeing. At this point, I highly recommend getting in touch with an accountant professional for expert advice on this. I'll also leave this question open in the Community so other members can chime in and share their advice. In the meantime, feel free to ask other questions, I'm here to help.
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