How to transfer money from Quickbooks Go bank to my own bank account

kco1006 · ‎November 04, 2020

When we first started using quickbooks our own bank account was not linked, so some of our initial deposits are in some quickbooks bank. I want them transferred to our own bank.

MariaSoledadG

I'm here to help you record the transfer in QuickBooks Online, To transfer money using the Transfer funds feature, you can follow the steps below.

Select + New.
Under Other, select Transfer.
From the Transfer Funds From drop-down list, select the bank account that the funds are coming out of.
From the Transfer Funds To drop-down list, select the bank account the funds are being deposited into.
In the Transfer Amount field, enter the amount being transferred.
Edit the Date.
(Optional) Enter a description of the transfer in the Memo field.
Click Save and close or Save and new.

If you used a check to transfer funds, you can use the Write Check window to record the transfer of funds and the check number. To do so, fill out the check as you normally would.

For future reference, you can match any records you've already entered in QuickBooks Online. Please read this article for more information: Categorize And Match Online Bank Transactions In QuickBooks Online.

If there's anything else that you want us to help you with, please let us know so we can assist you further. We're always right here for you.

kco1006

Hi, thanks for your response. When I go to transfer and "transfer funds from" the quickbooks bank is not an option. The funds were originally in some account called quickbooks envelopes and I transferred them to our operating account. Our balance sheet in quickbooks is accurate. However, the money was never deposited to our operating bank account.

Jovychris_A

Hi there, @kco1006.

The transfer will take a little longer when you transfer the funds directly from QuickBooks Envelopes to the operating account.

For more details about QuickBooks cash flows, you can check this article: Create envelopes to set your funds aside. From there, you can follow the steps written in the "Take money out of an envelope" section when you transfer funds from QuickBooks again.

For faster transfer, you can follow these steps next time: Take money out from QuickBooks Envelope> take money out Cash Account> Bank Account.

Also, make sure to categorize periodically your transactions in the Banking menu.

Please let me know if you have additional questions. Anytime I can help. Take care, and more power to your business!

Topics

Training

Community

Resources

How to transfer money from Quickbooks Go bank to my own bank account