Payee in Transfer Transactions

Hi there, @CapAcc. 

Thank you for reaching out to the Community. 

We can modify the the payee box through selecting Add more details under Action. Doing this, you'll need to update it manually by selecting the appropriate payee. 

Here's how:

1.  Under Banking, then select Bank Feeds and choose Bank Feeds Center. 
2.  Select the specif bank account, and press Transaction List. 
3. Choose the payee empty box, under Action select Add More Details. 
4. From Add More Details, drop-down arrow under Payee and choose payee name. 
5. Click Add to QuickBooks once done. 

For additionally information about this, please check this article: Customize vendor reports. 

For future reference on how to download, edit, and categorize transactions. Please check these articles below: 

• Download Bank Feed transactions in QuickBooks Desktop 

• Customize company and financial reports  

• Add and match Bank Feed transactions 

If there's anything else I can do for you, please let me know. I'll be around to help you. Have a nice day!

This part I understand, thank you.

I don't know how to add our company as Payee (this is transfer between bank accounts of the same company). Should I add a new name in Other (look in photo)?

Or should I leave Payee box blank (because it's transfer between accounts)?

Hi there, @CapAcc.

The details of the transactions that you import into QuickBooks would depend on what your bank shares with us. This is a bank default or setup in its system. 

To help you decide which name type to use to add your company as Payee, let me provide some details to differentiate and understand their roles.

• Vendor- is used if you pay or receive a refund from a company or person for services. Also, you'll file 1099 if they reach the IRS threshold. 
• Customer- refers to people that pay you or your company for goods or services that you've provided.  
• Employee- a name type used for a payment issued that will be associated with a payroll tax.
• Other Names- is a place to capture the information of persons or companies that are neither customers, vendors nor employees.

Adding a Payee name also helps you easily track the transaction. For additional reference, check this article on how to set up bank rules and to correct transactions that were already renamed and added with the incorrect payee: Use renaming rules for Bank Feeds.

Stay in touch if you have any other questions about downloaded transactions in QuickBooks. I'll be happy to help you out.