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To record transfer funds between two accounts in QuickBooks Online, record it as one transaction that affects both accounts. This keeps your financial records accurate. Let me walk you through how to record these transfers properly.
Since you used a physical check to transfer funds, here's how to record the transfer and the check number:
- In the left corner, click on + New.
- Under Vendors, choose Check.
- Enter the check as you normally would, including the check number.
- From the Bank Account field, select the account the funds are coming out of.
- From the Category column, select the account the funds are going into.
- Select Save and close to record the check.


Alternatively, if you want to record a new transfer, here's how:
- In the leftt corner, click on + New.
- Under the Other section, Select Transfer.
- From the Transfer Funds From the dropdown list, select the bank account that the money is coming from.
- From the Transfer Funds To dropdown list, select the bank account that the money is going to.
- In the Transfer Amount field, enter the amount being transferred.
- Edit the Date field.
- Enter a description of the transfer in the Memo field (optional).
- Select Save and close to complete the transfer.


Subsequently, we can find your recorded transfer by checking each account register in the Chart of accounts.
For more information on how to record transfer funds between two accounts in QuickBooks Online, you can check out this article: Transfer funds between accounts.
Moreover, if you want to match a transfer in QBO, you can open this link for your complete guidance: Match a transfer in your imported bank transactions.
Before we wrap up, I suggest you explore QuickBooks Live Bookkeeping to streamline your accounting, maintain precise financial records, and access professional support. This could free up valuable time, allowing you to concentrate on expanding your business.
If you have any further questions about how to record transfer funds in QBO, please don’t hesitate to reach out here. We’re here to provide helpful guidance and assistance. Have a nice one.