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BSCCF
Level 1

Voiding a transfer between accounts

I would like to void a transfer transaction, but I don't know if that will put the funds back into the original account.  Or do I need to do a new transfer transaction to offsite the original transaction?

2 Comments 2
MirriamM
Moderator

Voiding a transfer between accounts

Hello there, @BSCCF.

 

Allow me to share information about voiding transactions.

 

In QuickBooks Online (QBO), once you void a transaction, it won’t affect your account balances or reports as you still have a record of it in your account. However, if you delete a transaction, it will be completely erased from your books and won’t appear on any reports or in any accounts. 

 

Thus, you may need to do a new transfer transaction to offset the original transaction. Here's a resource for your guide: Transfer funds between accounts.

 

Additionally, to give you more idea about voiding transactions, here's an article that you can read: Void or delete transactions in QuickBooks Online.

 

Fill me in if you have other questions about handling banking entries in QuickBooks. I'll be happy to help you. Stay safe!

BSCCF
Level 1

Voiding a transfer between accounts

Thanks for all the help!

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