How to Transfer Money Electronically with QuickBooks 2015
With QuickBooks, you can electronically transfer money between bank accounts, too, as long as the accounts are at the same bank. (Both accounts, of course, also need to be set for online banking.) Here’s what you need to do:
Choose Banking→Transfer Funds.
You see the Transfer Funds Between Accounts window.
From the Transfer Funds From drop-down list, choose the bank account that you’re going to transfer the money from.
From the Transfer Funds To drop-down list, choose the bank account to which you want to transfer the money.
Select the account that you want to receive the funds.
Select the Online Funds Transfer check box.
Doing so tells QuickBooks that you want to make this transfer electronically. (This box doesn’t appear if you’re not set up for online banking.)
Enter the amount that you want to transfer in the Transfer Amount field and then fill in the Memo text box.
Someday, you might go into the register for the account that you’re transferring money from and wonder where you transferred this money and why. Filling in the Memo line solves this little mystery beforehand.
Click Save & Close.
The transfer is recorded. After you transmit the transfer instructions, the transfer transaction is posted to your account — maybe not immediately, but as fast as a telephone transfer or an ATM transfer is posted.