Transferring funds between bank accounts
I know how to do a transfer of funds within an entity if both bank accounts are listed. We have several QB entities. Which means we transfer from one bank to another from different companies even though the bank accounts are at the same bank.
We have 3 bank accounts with say Bank of America but 2 of those accounts are in one company and the 3rd account is in a different company. We can do an immediate transfer of funds through the bank but not in QB. Help please.
Managing intercompany transactions can be pretty tricky. I recommend that you do a search on the keywords “intercompany transactions” in the QuickBooks help database and follow the instructions given. If that does not address your situation, do a search in the Intuit Community to see if someone has already addressed this issue. It’s not something I’m comfortable with trying to spell out in this type of forum.
Link to Intuit Support/Community: https://help.quickbooks.intuit.com/en_US/contact
Crystalynn Shelton, CPA
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