I can help you transfer the deposit to your new Checking account in QuickBooks Online (QBO), @Tawnytim. Let's go over some details and get your work done in no time.
You'll want to exclude the deposit transaction instead of splitting it. Then, manually transfer the amount of $580 into your checking account and create a bank deposit into your equity account for the $115 remainder.
Here's how to exclude a transaction:
- Go to Transactions, then select Bank transactions.
- Tap the For Review tab.
- Choose the checkbox of the deposit transactions to exclude.
- Click Exclude.
Then, let's transfer the $580 to your checking account:
- Go to +New then select Transfer.
- In the Transfer Funds From dropdown list, choose the bank account that the money is coming from.
- In the Transfer Funds To dropdown list, select the bank account that the money is going to.
- Enter the amount being transferred in the Transfer Amount field.
- Edit the Date field.
- Click Save and Close or Save and New to complete the transfer.
- Tap Yes if you double-checked the date.
You can find the recorded transfer by checking each account register in the chart of accounts.
Lastly, let's record the record the $115 deposit into your equity account:
- Go to +New, then Bank deposit.
- From the Account ▼ drop-down menu, select the bank account you're depositing the money into.
- Enter the Date you deposited the money.
- In the Add funds to this deposit section, enter the name of the investor in the Received from the field.
- Choose the appropriate equity account from the drop-down list in the Account field.
- Specify a Payment method.
- Enter the investment amount in the Amount field.
- Click Save and Close.
I've also included a detailed resource about categorizing and matching transactions which may come in handy moving forward: Categorize & match online bank transactions
You're always welcome to reach us again if you have follow-up questions about transferring a deposit to your checking account. The Community team is always around to help.
