We have 1 business, and 2 bank accounts for this business. How do I record a transfer from bank A to bank B? Thank you.

helen-haydenweal · ‎May 14, 2024

I have connected both accounts to QuickBooks. Bank A received a loan from the director. Bank A then transferred some of this money to Bank B. They are both business accounts for the same company.

GeorgiaC · ‎May 14, 2024

Hello and welcome to the Community, helen-haydenweal

We'd be happy to share some guidance on the steps to record transfers in QuickBooks Online.

Since the money is relating to a director loan, you can first create a director's loan account in QBO to track the funds.

Once this is created, you can then record moving funds between bank accounts with a transfer.

If you are unsure of which accounts to use when recording the transfer, we recommend contacting your bookkeeper or accountant for best advice. If you don't already have an accountant, you can find a QuickBooks certified advisor near you on our online directory.

Thank you for contacting the Intuit QuickBooks Community today. If you need any further support, please don't hesitate to get back in touch.

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We have 1 business, and 2 bank accounts for this business. How do I record a transfer from bank A to bank B? Thank you.

We have 1 business, and 2 bank accounts for this business. How do I record a transfer from bank A to bank B? Thank you.

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