Would a transfer from a business savings to a checking be considered income or just a transfer?

Welcome to the Community, kaye_k_more1968.

An Income refers to an income that can be derived by selling inputs or means of production, i.e. land, labor, capital, and entrepreneur. Transfer income refers to any income which a recipient receives without providing any goods, services, or assets in return to the payer.

If you still need help with the categorization, I'd suggest consulting with an accountant. They can provide more expert advice from an accounting perspective.

Here's an article to know more about how transfers work as well as ways to record them in QuickBooks: Transfer funds between accounts.

Should you have any other concerns, please let me know. I want to make sure I've got you covered. Have a good one.

Do you ever use Transfer when paying a credit card?

Hello there, sandrajean.

QuickBooks Online allows users to record credit card payments to keep track of their expenses and maintain accurate reports. 

I'll show you how to record credit card payments in QBO. Check the steps below:

1. Click +New and select Pay down credit card.
2. Select the credit card you made the payment.
3. Enter the payment amount and date of payment.
4. Select the bank account you paid the credit card with.
5. If you made a payment with a check, select I made a payment with a check. In the Check no. field, enter the check number, or if you paid electronically, enter the EFT number.
6. Select Save and Close.

For more details about the process, check this article: Record your payments to credit cards.

Additionally, here are some resources about categorizing transactions and reconciling accounts to ensure they are accounted for properly:

• Categorize and match transactions in QBO.
• Reconcile accounts.

Get back to this thread if you have additional related concerns. I'll be happy to assist you more to enhance your experience using QuickBooks.

How long the fund is going to reflect in the receiver Bank ?. I send Transfer from my Quickbooks to my new Linked bank. Do i need to wait for the fund to come to my Bank? I Done the transfer 4days ago, from Monday, today is Thursday, nothing yet on my receiver bank  

Hi getsoouwin,

The deposit speed depends on the product you're using and the type of payment. Standard deposits are process every day except for Sundays, Thanksgiving Day, and Christmas Day. 

If you process payments in QuickBooks Online, you can follow these steps to check the status:

1. Sign in to QuickBooks Online.
2. Go to Get paid & pay and select the Deposits.
3. Select the bank deposit you want to review.

If you're new to payments, your first payments may take a bit longer while we set up your accounts. Keep in mind that some banks hold onto funds after we deposit them.

I've also added these references on how QuickBooks take and process payments:

• Take and process payments in QuickBooks Online with QuickBooks Payments
• Find out when QuickBooks Payments deposits customer payments

I'm just around whenever you have concerns. I'll be around to help some more.

Thank you for visiting the QuickBooks Community page, @Anonymous.

Are you trying to attach a document while creating a bank transfer and also printing it? 

If so, we can utilize the Attachments section in the Transfer window to link your file. However, the option to print it is unavailable in QuickBooks Online  (QBO). 

Here's how to attach a document:

1. Click New and select Transfer.
2. Enter the required information, then click Attachments.
3. Choose your file and click Open.
4. Once done, select Save and close.

Alternatively, you can provide feedback regarding the printing limitations. This will allow our product engineers to review your suggestions and potentially incorporate them into future updates.

Simply follow these steps:

1. Select the Gear icon at the top and click Feedback.
2. Enter your comments or product suggestions. Then, select Next to submit feedback.

We greatly value your feedback, as it is forwarded to our Product Development team to enhance your experience in QBO. You can monitor feature requests by visiting the QuickBooks Online Feature Requests website.

Please feel free to reach out to me anytime if you require further assistance with QuickBooks Online. My goal is to ensure that you always achieve your desired outcomes in your bookkeeping. Take care and stay safe!