how do I get transfers between companies to show up in bank recs?

Greetings, Bookkeeper109. To transfer funds between companies, we will generate an expense and then a bank deposit. Let's work together to complete this process.

This transaction appears to be a transfer, as the two accounts are not within the same company files. These transactions should be recorded as an expense by one company and deposited by the other.

Here's how to transfer funds:

1. Click + New.
2. Select Expense.
3. Please choose the bank or payment account from which the funds will be withdrawn.
4. Please provide the Payee, Payment Date, and Payment Method.
5. In the Category column, choose an Equity for you to view the outgoing funds from the business.
6. Enter the amount to be transferred in the Amount column.
7. Select Save and Close.

Then, here's how to receive the transferred funds:

1. Select + New.
2. Choose Bank Deposit.
3. Select the bank account the funds are going to, and the date.
4. In the Add funds to this deposit section, specify who the funds were received from.
5. Select an Equity or Liability account from the Account column dropdown to represent incoming funds.
6. Enter the amount received in the Amount column.
7. Click on Save and Close.

Refer to this article to gain more insights: Transfer funds between companies in QuickBooks Online.

For the reconciliation process, you can open this article for you to have ease reconciling: Reconcile an account in QuickBooks Online.

If you want extra help and guidance managing accounts in your QuickBooks Online, you can have a consultation with our QuickBooks Live Expert Assisted.

I’d like to hear how everything goes after you complete the steps. I'm here to ensure this concern is fully resolved for you. Don’t hesitate to reply to this post, and I’ll respond promptly.