Can I convert a QB entry from a transfer to a deposit in QB DESKTOP?
I brought transactions from my bank into QB Desktop Pro 2020 via a QBO file. QB somehow treated three of the deposits as transfers. I need to create a split transaction with these deposits and I can't do that as these entries now stand. Is there a way to convert the transfers to deposits without deleting the transfer entry and creating a new deposit entry?
I see all kinds of similar questions online, but they all refer to QB Online and not QB Desktop. I've certainly tried to find an answer. Thank you so much.
Can I convert a QB entry from a transfer to a deposit in QB DESKTOP?
No, you can't change the type of transaction from a transfer to anything else. The same is true in almost all cases in QB Desktop - for all types of transactions.
If you recorded the accounting event with the wrong type of transaction and you want to fix it, delete the transaction and create a new, correct transaction.
Can I convert a QB entry from a transfer to a deposit in QB DESKTOP?
OK. Thanks for your help with this. When I recreated the entry from scratch and indicated that a particular deposit was for an "Equity investment", it automatically changed the entry to a 'transfer' instead of a 'Deposit'. What is the reasoning there?
Can I convert a QB entry from a transfer to a deposit in QB DESKTOP?
It will show as a deposit until I change the account to an equity account type and then it immediately changes the 'type' to 'Transfer'. It is not possible to make a split entry at that point.
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