I'm happy to see you here in the Community, @poshinteriorslar.
You'll need to create a clearing account to move money from one A/R account to another. After that, deposit the amount from the clearing account then transfer it to the business account.
Here's how:
- Click on Accounting at the left pane.
- Refer to the Chart of Accounts tab.
- On the Chart of Accounts screen, hit the New button.
- Choose Bank for the Account Type. You may choose any detail type you want for your clearing account.
- Enter the Name of the clearing account.
- Make sure you do not enter in any amount on the balance section before pressing Save and Close.
Please see the sample snips below for your reference:
Once done, let's now make a bank deposit to move the money from the income account to the clearing account.
To do that:
- Hit on the + New button at the upper left pane.
- Press Bank Deposit.
- On the Account box, select on the clearing account.
- Refer to the Add funds to this deposit section and choose on where does the money was received from.
- Enter the account where the money will be taken from, then key in the amount.
- Click on Save and Close.
Lastly, let's now transfer the deposited amount to the business account. Please follow the steps below:
- Click on the + New button at the left pane.
- Press on Transfer.
- On the Transfer Funds From box, select the clearing account.
- From the Transfer Funds to section, choose the business account.
- Enter the Transfer Amount.
- Put a description in the Memo field that indicates the reason behind this record.
- Hit on Save and Close.
I've outlined this process through the sample screenshots below:
To learn more about recording deposits in QuickBooks Online please see this link: Record and make Bank Deposits in QuickBooks Online
I've got your back if you have any other questions. I'd be happy to help you out. Happy Holidays!