It's great to have you here in the Community, cmikewebre. I'd gladly walk you through the process of transferring funds from a Cash on Hand account to a Bank CD account in QuickBooks Online.
First, you'll need to create a Bank CD account in your Chart of Accounts. To do this, you can follow the steps outlined below.
- Navigate to the gear icon at the top right corner.
- Under Your Company, select Chart of accounts.
- Click the New button.
- Enter an account name and select the appropriate account and detail types.
- Press Save.
Afterwards, follow the steps below to create a transfer from one account to another.
- Go to the +New button.
- On the Transfer Funds From dropdown menu, select the Cash on Hand account.
- On the Transfer Funds To dropdown menu, pick the Bank CD Account.
- Enter the Transfer Amount and the Date of the transaction.
- Click Save and close.
You can also refer to this article about recording transfers for more information: Transfer funds between accounts.
For future reference, here's a comprehensive guide on ensuring your QuickBooks accounts match your real-life ones: Reconcile workflow.
Should you have other banking concerns in QuickBooks, please don't hesitate to leave a reply below. I'll be right here to address them for you, cmikewebre. Keep safe!