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Bank account is setup with primary account as checking & a savings account set up as a sub. How do I transfer funds? when completed it shows as a Dep & Pay so no incr.

 
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Best answer March 07, 2020

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Bank account is setup with primary account as checking & a savings account set up as a sub. How do I transfer funds? when completed it shows as a Dep & Pay so no incr.

Hello there, reyes-alvarez. I can help you transfer the funds to another account.

 

If you mean transferring the funds from checking to the savings account, it will not affect anything because both of them have the same type of account.

 

With that being said, I would recommend not to set up the saving account as a sub-account. Find the savings from chart of accounts. Right click and select Edit account. Uncheck the Subaccount of box.

sub-account.PNG

 

The steps will guide you through moving the funds to a savings account:

 

  1. Go to Lists and select Chart of Accounts.
  2. Look for the checking account and click it twice.
  3. Click Edit Transaction.
  4. Change the bank account to savings.
    edit.PNG
     

Here's an article where you can get further information about the Chart of Accounts in QuickBooks Desktop.

 

Please let me know if you have other questions. I'll be around to help. Take care!

View solution in original post

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Highlighted
Moderator

Bank account is setup with primary account as checking & a savings account set up as a sub. How do I transfer funds? when completed it shows as a Dep & Pay so no incr.

Hello there, reyes-alvarez. I can help you transfer the funds to another account.

 

If you mean transferring the funds from checking to the savings account, it will not affect anything because both of them have the same type of account.

 

With that being said, I would recommend not to set up the saving account as a sub-account. Find the savings from chart of accounts. Right click and select Edit account. Uncheck the Subaccount of box.

sub-account.PNG

 

The steps will guide you through moving the funds to a savings account:

 

  1. Go to Lists and select Chart of Accounts.
  2. Look for the checking account and click it twice.
  3. Click Edit Transaction.
  4. Change the bank account to savings.
    edit.PNG
     

Here's an article where you can get further information about the Chart of Accounts in QuickBooks Desktop.

 

Please let me know if you have other questions. I'll be around to help. Take care!

View solution in original post

Highlighted
Level 1

Bank account is setup with primary account as checking & a savings account set up as a sub. How do I transfer funds? when completed it shows as a Dep & Pay so no incr.

Thank you!

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