Bank funds transfer for Bank Feeds Center Importing QBO

Welcome to the Community, @5te4lthX. Thanks for choosing Quickbooks Online (QBO) for your business. 

As an insight, anything you buy with a debit card, credit card, online payment, or bank transfer will be recorded as an expense when you add it to the bank register. 

To correct this, you'll want to exclude this in the For Review section. Here's how: 

1. Go to the Banking menu, then select the Banking tab.
2. Go to the For Review tab, then select the checkbox of the transactions to exclude.
3. Click Exclude. 

Once done, manually add it again in QuickBooks through a journal entry. 

I'd also recommend consulting your accountant to make sure your books are correct. They know best about handling this type of transaction. You can also find one by visiting our QuickBooks Live site. 

For future reference, check out this link to learn more about transferring funds between two accounts and how to record it in QuickBooks Online. 

Get back to me and let me know how it works for you. I'd be here to answer your next posts. Take care!

???

@5te4lthX 

RE: In the Bank Feeds Center, I have a list of transactions. One of them, is a Funds Transfer from my Savings to my Checking. This is a deposit; however, on my QuickBooks, this transaction is indicated as a $5000 under Payment, not Deposit. I'm a 100% sure it should be a deposit...

There are two likely causes for this.  The more likely is that your bank wrote the transaction in the OFX/QBO file incorrectly. Or, it's possible QuickBooks is reading it wrong. Note that you can open the OFX/QBO file in Notepad or other text editor to see if the transaction there looks wrong.