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How do I properly record a transfer from savings to business checking without it showing as income?

 
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How do I properly record a transfer from savings to business checking without it showing as income?

Hey there, natalie2.

 

I'd be happy to help you record a transfer without showing it as an income transaction. You can use the Transfer feature in QuickBooks Online to complete this process.

 

Here's how:

 

  1. Click + New in the left panel and choose Transfer.
  2. Under Other, select Transfer.
  3. From the Transfer Funds From drop-down list, select the bank account that the funds are coming out of.
  4. From the Transfer Funds To drop-down list, select the bank account the funds are being deposited into.
  5. In the Transfer Amount field, enter the amount being transferred.
  6. Edit the Date.
  7. Select Save and close.

To learn more about this process, check out this article: Transfer funds between accounts.

 

If you want to learn more in handling your bank transactions, see the articles below:

 

Feel free to get back to me if you need anything else. I'd be glad to lend a hand.

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