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JSouth
Level 1

Is there any way to deposit my processed funds into my business bank account without having to pay any fees?

 
1 Comment 1
jenop2
QuickBooks Team

Is there any way to deposit my processed funds into my business bank account without having to pay any fees?

Recording banking transactions in QuickBooks Online is completely free of charge, JSouth. It's an essential feature of the software, and you won't incur any additional fees when using it.

 

Let me walk you through the process of recording bank deposits in QBO. Here's how:

 

  1. Click the + New button and select Bank deposit.
  2. Go to the drop-down list for Account ▼ and choose the account that you want to put the money into.
  3. Select the transaction that you want to deposit or manually put in the details of the transaction.
  4. Click Save and new or Save and close.

 

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You can also read more details about the process in this article: Record and make bank deposits in QuickBooks Online.

 

If you’re referring to depositing funds directly into your actual bank from QBO, please note that this feature is currently unavailable.

 

However, you can explore the QuickBooks App Store for apps that offer fund transfer capabilities or similar banking functions. Here’s how to find accredited apps within your QBO account:

 

  1. Go to the Apps menu and proceed to the Find apps tab.
  2. Click the drop-down list for Browse categories, then choose Manage bussiness.
  3. Choose Banking from the list of sub-categories.

 

For your convenience, you can save these articles for future reference when managing bank deposits in QuickBooks Online:

 

 

The QuickBooks Team is always here to support you. Don't hesitate to reach out if you have any more questions about recording sales, making deposits, or navigating the software. You can either continue this thread or start a new one, and we’ll be ready to assist you with the information you need.