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angelabronze1991
Level 1

What is the difference between a deposit and a transfer?

 
Solved
Best answer January 28, 2022

Accepted Solutions
John C
QuickBooks Team

What is the difference between a deposit and a transfer?

Hi angelabronze1991 A deposit is where your customer or possibly a supplier, in the form of a refund, has forwarded you an amount to your bank account. A transfer is where you have transferred money between two accounts within QuickBooks, you may possibly have two bank accounts connected.

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1 REPLY 1
John C
QuickBooks Team

What is the difference between a deposit and a transfer?

Hi angelabronze1991 A deposit is where your customer or possibly a supplier, in the form of a refund, has forwarded you an amount to your bank account. A transfer is where you have transferred money between two accounts within QuickBooks, you may possibly have two bank accounts connected.

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