Transferring Money Between Accounts

Account transfers occur when you move money from one account to another – for example, from your savings account to your current account. QuickBooks makes quick work of account transfers as long as you’ve already set up both accounts.

Setting up a second bank account

Open the Chart of Accounts by choosing Lists⇒Chart of Accounts, or just click the Chart of Accounts icon on the Home screen in the Company section. Click the Account button (bottom left of the window) and choose New. When QuickBooks displays the Add New Account: Choose Account Type dialog box, click the Bank radio button and then the Continue button. In the second Add New Account dialog box, enter the name of the account and (if you want) a description of the account, the bank account number, sort code, and other information you want to store.