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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

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Replying to:
Mich_S
QuickBooks Team

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I'm here to help you today, @AnOriginal.

 

When you transfer money from one account to another, it won't be an actual money movement. Nevertheless, you have the option to record them in QuickBooks.

 

Here's how:

  1. Click on + New.
  2. Choose Transfer.
  3. In the Transfer Funds From the dropdown list, choose the bank account that the money is coming from.
  4. In the Transfer Funds To dropdown list, choose the bank account that the money is going to.
  5. In the Transfer Amount field, fill in the amount being transferred.
  6. Change the Date field.
  7. Fill in a description of the transfer in the Memo field (optional).
  8. Click on Save and close or Save and new to complete the transfer.
  9. Hit Yes if you confirmed the date.

 

By opening each account register in the Chart of Accounts, you can find the recorded transfer.

 

 

On the other hand, you can use your QuickBooks Checking account to put money in and take money out by signing up for QuickBooks Payments

 

After signing for QB Payments and if approved, you get a QuickBooks Checking account. Within 7-10 business days, you'll get your QuickBooks Debit Card in the mail.

 

 

You can follow steps 2 to 4 from this article to completely set up your payments account: Use your QuickBooks Checking account.

 

Just leave a reply to this thread if you need further help with banking or QuickBooks. We're always here to help you get back to business. Have a great start of the week.

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