Transferring money between bank accounts

I am bringing this subject up because I worked for a client recently that made a simple one step transaction in QuickBooks much more difficult than it needed to be.

Without going into the creative way of entering 4 transactions that they used to enter this same transaction into their records, when I showed them all they had to do was go to banking, transfer funds, they were amazed.   Here is a screen shot of this transaction:

Click photo to enlarge

I guess that would fall under the "KISS" theory (keep it simple, stupid).  But sometimes when you are working in an accounting program, you think it is much harder to do some of the tasks without knowing that there is an easier way.  This works great when you are transferring monies from one bank account to another, like an online transfer.  If you use a check to deposit into another account, my next post will show you how to handle that transaction.

Happy Friday everyone!

Lynda
Check out my website www.artesanibookkeeping.com