3.9 Record a Transfer
- 6 steps
Start in the Sample company.
1
To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.
Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.
Now let's get started with the exercise.
2
Click the "+New" button, then click "Transfer".
3
In the Transfer Funds From field, select "Savings".
Note that once it is selected, QBO will display the current amount in the account on the right side of the screen. **This is the amount in QBO, not the actual bank balance.**
4
In the Transfer Funds To field, select "Checking".
Note that once it is selected, QBO will display the current amount in the account on the right side of the screen. **This is the amount in QBO, not the actual bank balance.**
5
In the Transfer Amount field, type "750".
While not required as part of the exercise, you may also wish to enter a description in the "Memo" field describing why the transfer was made. This is optional.
6
Click the "down arrow" next to Save and new, then select "Save and close".
If there were not enough actual money in the account to transfer, you would still be able to record it in QBO.
Remember that this process is just recording in QBO. It does *not* affect the actual bank balance.
🎥 Video
Want to follow along? [Click here](https://youtu.be/hjKdWz5rYEc) for our video walk-through.
📚 Get the Full Course
This exercise comes from our basic level ProAdvisor certification course. Do more like it and pass your QuickBooks Basic ProAdvisor certification course in one weekend by [clicking here.](https://www.fastandeasyqbo.com/basic)
📝 Feedback
Questions/Problems/Concerns?[ Send feedback.](https://www.bookwidgets.com/play/k6rmQMKk-iQAEzXMdagAAA/BEXUQBE/feedback-scrib?teacher_id=6434462993219584)