Hi there, koopmanj30.
Usually, it takes 2-3 banking days for the bank to receive the transfer. However, it still depends on when it clears on the receiving bank.
If you have the bank connected to QuickBooks, you can manually record the wire transfer first and then match it once it'll be posted on your bank feeds. You mentioned that money will be transferred into your account, you can use the Bank Deposit feature to record it.
Here's how:
- Go to the +New button and click Bank deposit.
- From the Account drop-down, choose the bank account the wire was transferred to.
- Enter the Date the wire was received.
- Identify the income Account related to the transfer, or enter Accounts Receivable if the transfer is intended to pay an invoice.
- Enter a Payment method and specify the transferred amount.
- If any fees were deducted from the actual deposit, on the next line, enter the expense Account that tracks wire or bank fees and the Total Amount of the fee entered as a (-) negative amount.
- Verify that the balance of the deposit matches the actual amount deposited to the account.
- Select Save and close.
Once the transferred amount is posted in your bank, you can go to the Banking page and select the transaction. Click Find a match to match it to the deposit you created.
I'm just here if you need more help. You take care always and have a great day!
