How to Transfer Money Between Different Entities in QuickBooks Part 1

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Do you have multiple entities that you transfer money between? • This can sometimes be overwhelming to track inside QuickBooks. • We call these Intercompany transactions. • Here’s a workaround to make your life easier! 🤗 • In this video, learn how to Transfer Money Between Different Entities in QuickBooks. • You can use write checks or check register for these transfers as well. • Transfer Money Part 2: • How to transfer money for different e... • Steps to Transferring Money Between Entities: • ➡️ Create a Bank Account • Go up to “Lists” • “Chart of Accounts” • Go down to “Account” • Click “New” • “Bank” • Click “Continue” • “Account Name” • Checkmark “Sub Account of” **If it’s a Sub Account • Click “Save Close” • ➡️ Transferring Funds • Go up to “Banking” • “Transfer Funds” • “Date” • “Transfer Funds From” • “Transfer Funds To” • “Transfer Amount” • “Memo” • Click “Save Close” • Looking for part two of the series? : • Video • Need to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business... • ➡️ https://CandusKampfer.com/workshop • Receive our QB tips straight to your inbox each week visit: • ➡️ https://CandusKampfer.com/tips • Subscribe here for more QuickBooks tips • ➡️ https://www.youtube.com/c/CandusKampf... • • Timestamps: • 0:00 - Intro • 0:50 - Transfer Money Between Different Entities in QuickBooks • 1:09 - Create a new bank account • 1:38 - Create Subaccount • 3:56 - Recap • 4:41 - Transfer Funds • 6:31 - Final Thoughts • • I’d love to connect with you 👇 • Instagram: / candus.kampfer • Facebook: / canduskampfer • CandusKampfer.com: https://canduskampfer.com/ • TikTok: / canduskampfer • Pinterest: / canduskampfer • #CandusKampfer

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