Hi there,
Welcome back to the Community. I'll be happy to share more info about removing the retainer from the liability account.
Based on what you've described, I recommend using Journal Entries to transfer the funds from account A to account B.
Journal entries can be used for a few different things, such as:
- Enter debits and credits manually, like in traditional accounting systems.
- Transfer money between income and expense accounts.
- Transfer money from an asset, liability, or equity account to an income or expense account.
Here's how to create a journal entry:
1. Click the Create ⨁ icon and select Journal Entry.
2. Fill out the fields to create your journal entry.
3. Select Save and new or Save and close.
That's all there is to making journal entries in QuickBooks Online! I hope this helps get you back on track.
Let me know if you have any other questions.