Deposit Transfer

More specifics would be helpful. Is this related to accounts receivable? Do you use customer payments? Are you correcting an error from an entry or just transferring an open credit?

Hello there, @vcoots.

I’d be happy to help you record this transaction in QuickBooks Desktop.

Since we cannot transfer money or fund directly from one customer to another, you’ll have to create a Clearing account. You can use this account to move funds.

Here’s how.

1. Go to the Lists tab. 
2. Select Chart of Accounts.
3. Click the Account drop-down. Then select New.
4. In the Add New Account window, select the Bank radio button. 
5. Click Continue.
6. In the Account Name field, enter Clearing Account.
7. Do NOT enter an opening balance.
8. Then, click Save & Close.

Once done, create a Journal Entry to move the fund from your customer to the clearing account

1. Go to the Company tab. 
2. Select Make General Journal Entries.

Please know that you have to get in touch with your accountant so you’ll be guided for the accounts to debit and credit. 

I'll be leaving you these articles about the Clearing account and its common uses. 

• Set up a clearing account.
• Transfer and apply credit from one vendor to another.

 let me know if you have any other questions. I am here to help. Take care!