Contact QuickBooks Support for Information on How to Transfer Funds between Companies
Imagining of two sided transaction and that too with accounting software? If you are running with one or more business, and you want to transfer funds from one to another business; this clearly means you are transferring from one business and receiving onto other business. Instead of increasing and decreasing funds it is rather increasing a liability account with an asset. How to transfer funds? Before moving ahead, you must know about transferring funds to other company: Click on to the Create icon. In Suppliers tab, choose either Check or Expense . Choose the bank account from where the funds are coming Type the Payee , Payment Date , and the Payment Method In Category tab, choose an Asset or an Equity account to replicate the funds going out of the business. Type the amount that is to be transferred in the Amount column. Click ...