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jodidrew
Level 1

What do i do with bank transfers in my bank transactions? is it as simple as just adding or where it says paired to another transaction record transfer?

 
3 Comments 3
CamelleT
QuickBooks Team

What do i do with bank transfers in my bank transactions? is it as simple as just adding or where it says paired to another transaction record transfer?

I'm here to help you with your bank transfer concern, jodi.

 

If the transactions from both accounts are already downloaded, you can categorize and match the transfer. 

 

First, record the transaction as a transfer from one account:

 

  1. Go to Transactions and choose Bank transactions.
  2. Select the bank account where the funds are coming from.
  3. Find and tap the transaction to open it.
  4. Click Record as transfer, then from the Transferred to dropdown, select the account where you transferred the funds.
  5. Hit Record transfer.

 

Then, match the transaction from the other account:

 

  1. Select the bank account where the funds are going.
  2. Click the For review tab. Then, tap the Recognized filter from the dropdown.
  3. Find the transaction. From the Action column, select Match so the transaction is matched in both accounts.

 

Additionally, I'll share this article to help you move money from a bank to a credit card account: Transfer funds from a bank to a credit card account.

 

Let me know if you have further questions about managing your bank transfers. Just add a comment below, and I'll get back to you.

M2024
Level 1

What do i do with bank transfers in my bank transactions? is it as simple as just adding or where it says paired to another transaction record transfer?

Until today, simply selecting "confirm" would record each transaction in its respective register. Is that no longer the case?

Jelayca V
QuickBooks Team

What do i do with bank transfers in my bank transactions? is it as simple as just adding or where it says paired to another transaction record transfer?

Thanks for joining us here in the Community, @M2024. Let me further share some details on how QuickBooks handles bank transfers and its confirmation process in QuickBooks Online (QBO).

 

Yes, the process of selecting Confirm to record each transaction in its respective register remains unchanged.

 

This means that by confirming this pairing, QBO will mark both transactions as reviewed and will accurately record each transaction in their respective register.

 

If you want to view a snapshot of your business, you can read this article to help you with thatRun reports in QuickBooks Online.

 

Additionally, you can personalize your reports to focus on specific details in your financial reports. For guidance, check out this informative article: Customize reports in QuickBooks Online

 

Feel free to contact us if you have any further questions about managing bank transactions and transfers in QBO. I'll be happy to help. Have a good one.

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