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Want an expert to help you set up your QuickBooks Online? Find out how: Click here

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Replying to:
MirriamM
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Thanks for reaching out to the Community, @RAJD_7.

 

QuickBooks Online (QBO) is a read-only app. The data we receive in QuickBooks depends on the information sent to us by the financial institution. 

 

When doing a transfer in the Banking page, the transaction should no longer be showing on the For Review tab. To isolate the issue, kindly check if the one still displaying is not a duplicate. 

 

Moreover, when transferring funds from one account to another, you can create a transfer transaction instead. The Transfer option in the Banking page means that you made a transfer from one bank account to another bank account (or credit card account). It’s not for entering an income or expense account to the transaction.

 

Thus, you can create a Transfer transaction to transfer money. Here's how:

  1. In the left menu, click the + New button.
  2. Under Other, pick Transfer.
  3. From the Transfer Funds From the 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. (Optional) Enter a description of the transfer in the Memo field.
  8. Hit Save and close.

You can refer to this article for more details: Categorise and match online bank transactions in QuickBooks Online.

 

If you have any clarifications, let me know by commenting below. I'll get back to you. Stay safe and healthy!