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Transfer funds between income and expense accounts

Transfer funds between income and expense accounts if you've recently divided an account into one or more subaccounts, if you're correcting an error, or if you're making an adjustment.

To do this task

  1. Go to the Company menu and click Make General Journal Entries. Shortcut

  2. In the Make General Journal Entries window, click the income or expense account that's involved in the transfer from the Account column drop-down list.

    All income and expense accounts appear toward the bottom of the list.

  3. Enter the debit or credit amount you want to transfer.

  4. Click the Account column below your first entry and then click the other income or expense account that's involved in the transfer.

    QuickBooks automatically displays a single balancing amount, but you can split the transfer among several accounts.

  5. Save the transfer.

    Save the transfer.

See also

KB ID# H_TRANSFER_FUNDS_BTW_INCOME_AND_EXPENSE_ACCTS
12/6/2016 9:59:29 AM
QYPPRDQBKSWS07 9138 Pro 2017 2399a9