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Hi there, @kaneika.
Thanks for visiting the Community today. I want to make sure you're able to link the invoice to the deposit you've made through a funds transfer.
It seems to me that you have two different companies in QuickBooks Online. Since you're moving funds from one account to the other, you'll need to record a two-sided transaction by creating a Check or Expense to record the fund transfers out of one business, then receive the funds into the other business. Here's how:
To transfer funds to the other company
After that, log in to QuickBooks Online (Company B). Then, make a bank deposit to receive the fund transfer from the other company. Here's how:
If you're unsure what specific accounts to use, I'd recommend consulting an accountant.
Once completed, apply the deposit entry as an invoice payment. Here's how:
For future reference, here's an article that can help you learn about how to match and categorize the fund transfer you've made from the other company (Company A) to the transactions from your bank feeds.
Feel free to message again if you need more assistance. We're always delighted to help.
Hi there, @kaneika.
Thanks for visiting the Community today. I want to make sure you're able to link the invoice to the deposit you've made through a funds transfer.
It seems to me that you have two different companies in QuickBooks Online. Since you're moving funds from one account to the other, you'll need to record a two-sided transaction by creating a Check or Expense to record the fund transfers out of one business, then receive the funds into the other business. Here's how:
To transfer funds to the other company
After that, log in to QuickBooks Online (Company B). Then, make a bank deposit to receive the fund transfer from the other company. Here's how:
If you're unsure what specific accounts to use, I'd recommend consulting an accountant.
Once completed, apply the deposit entry as an invoice payment. Here's how:
For future reference, here's an article that can help you learn about how to match and categorize the fund transfer you've made from the other company (Company A) to the transactions from your bank feeds.
Feel free to message again if you need more assistance. We're always delighted to help.
The money was sent from Company A to Company B already via a online transfer. The transaction just shows a transfer was made and there is no way for me to edit the transaction to show it should be AR so I can then link it to the correct invoice. How do I fix this issue?
Allow me to join the thread, @kaneika.
Yes, transfer transaction won't be linked to an invoice. To tied-up the amount with the invoice, you can record the transactions manually as suggested by my colleague katherinejoyceO above. So it won't create duplicate transactions, you can exclude the transfer entry via online from the Banking page.
Here's how:
If you wish to fully delete the transaction from your QuickBooks record, go to the Excluded section and delete it from there.
If you need tips and related links while working with your QuickBooks in the future, feel free to read our help articles.
Please let me know if you need further assistance. I'm more than happy to help. Have a great day!
how is this done in quickbooks enterprise desktop?
@sdspencer2 did you ever find an answer? I know I've done this in the past but it's been a long time and google is failing me.
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