I've got your back on transferring funds from your checking account to your savings account, @Reelumn.
Is your savings account already added to your chart of accounts? If it's not, you can write a cheque and associate it to an equity account, then make a deposit to the same account. This way, you'll be able to record the funds transferred from your checking account. Here's how:
- In your QuickBooks Desktop, go to the Banking menu and select Write Cheques.
- Select the checking account from the Bank Account drop-down.
- Go to the Expenses section, then select an equity account under the Account column.
- Enter the amount and necessary information.
- Click Save & Close.
- Go back to the Banking menu and select Make Deposits.
- Select the equity account in the From Account drop-down, then enter the amount.
- Hit Save & Close.
However, if your savings account is listed in your chart of accounts, you can simply record a bank transfer. Let me guide you how.
- Go to the Banking menu, then select Transfer Funds.
- Select the checking account in the From Account drop-down.
- Then, choose the savings account from the To account drop-down.
- Enter the amount and the necessary details.
- Click Save & Close.
I'm adding this article to know the basic banking in QuickBooks Desktop: Basic banking concepts and common terminologies.
Keep in touch if you need any more assistance with this, or there's something else I can do for you. I've got your back. Have a good day.
