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ksharp3
Level 1

We have closed one bank account and put that money in the other bank account. How do I do this in QB? If I treat it like a deposit, it want to tie it to a customer.

Would a Journal Entry do it?
1 Comment 1
RCV
QuickBooks Team
QuickBooks Team

We have closed one bank account and put that money in the other bank account. How do I do this in QB? If I treat it like a deposit, it want to tie it to a customer.

Great to have you here, ksharp3.

 

You can record the transactions from one bank account to the other one as a deposit.

 

Here's how:

 

  1. Click Banking on the top menu.
  2. Choose Make Deposits.
  3. Select the account you want to put the money into in the Deposit to drop-down. 
  4. Enter the details in the Received From, From Account, Memo, Chk No., Pmt Meth, Class and Amount field.
  5. Enter the date for the deposit.
  6. Tick Save & Close.

To learn more about recording bank deposits, you can check out this article: Record and make Bank Deposits in QuickBooks Desktop.

 

You can also transfer funds between the different bank accounts in QuickBooks.

 

Here's how:

 

  1. Click Banking on the top menu.
  2. Choose Transfer Funds.
  3. In the Transfer Funds From the drop-down, choose US Bank.
  4. Select Regions Bank on the Transfer Funds To drop-down.
  5. Enter the transfer amount.
  6. Click Save and Close

If you'll want to create a journal entry, I'd suggest contacting your accountant on what posting account you need to apply. Just follow the detailed steps in this article: Create a journal entry in QuickBooks Desktop.

 

I have a link here where you can find articles about managing your bank transactions: https://quickbooks.intuit.com/learn-support/en-us/banking/07?product=QuickBooks%20Desktop.

 

Fill me in if you need a had with reconciling your bank account or any QuickBooks related. I'm always here to help.

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