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user83330
Level 1

Has anyone added an automated sweep into a money market fund on their checking account? How does QB handle these transactions? How to you track it?

 
1 Comment 1
Archie_B
QuickBooks Team

Has anyone added an automated sweep into a money market fund on their checking account? How does QB handle these transactions? How to you track it?

Hi, user83330!

I know some ways on how to record a money movement using these simple steps.


Since Quickbooks doesn't have options to manage automated sweep, you can create a bank deposit for the money market fund with the full amount. Then, create a Transfer for the excess amount towards the checking account.

Here's how you can transfer funds between bank accounts:

  1. Click + New on Menu.
  2. Under Other, select Transfer.
  3. From the Transfer Funds From drop-down list, select the bank account that the funds are coming out of.
  4. From the Transfer Funds To drop-down list, select the bank account the funds are being deposited into.
  5. In the Transfer Amount field, enter the amount.
  6. Enter the Date.
  7. Then select Save and close.

You can also check these articles for more tips about banking:

Keep me posted if you have further questions about banking. I'd like to hear more from you soon. Have a great day!

 

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