Question

_{your company has four cash accounts. how would you use QuickBooks to move funds from one account to another without having to write a check?}

Answer 1

You can move fund from one account to another by transfer without having write a check by following methods:

• Transfer

Using Transfer:

Transfer is the easiest way to record a transfer of funds.

Procedure to transfer fund in quickbooks:

1. Select Create ⨁.
2. Under Other, select Transfer.
3. From the Transfer Funds From drop down list, select the bank account that the funds are coming out of.
4. From the Transfer Funds To drop down list, select the bank account the funds are being deposited into.
5. In the Transfer Amount field, enter the amount being transferred.
6. Edit the Date.
7. (Optional) Enter a description of the transfer in the Memo field.
8. Select Save and close or Save and new