To stay away from the risk of the duplication of the transaction that may result in confusion between the two accounts, you must know the art of export the chart of accounts. You can do that by using the different versions such as Transfer, Cheques, Imported Bank Transaction, and Journal Entry.
To begin with the transfer feature, it is one of the most standard and quickest ways to transfer your funds and it can be quickly recorded in the bank register and can be recognised as well.
To transfer that money using the Transfer feature, please follow the given means:
- You need to open the option New tab.
- Then you need to click on the Other option and then tap on Transfer.
- When the Transfer Funds From the drop-down list, Tap on the bank account that is merged with your organisation.
- Now you need to open the drop-down list of Transfer Funds To option and then choose the primary bank account of the organisation.
- After that, go to the Transfer Amount section and then fill in the amount that you need to transfer in the given field.
- You need to modify the Date of the Transaction according to your need.
- Open the Memo Field and then Enter the Description of the Transfer.
- Lastly, after performing all the steps, you need to tap on Save, and the Transfer is done.
These are the steps that you need to perform, and you will successfully export the chart of accounts in QuickBooks Desktop software. Now that you know how to export a chart of accounts in QuickBooks, you must read about the chart of account in QuickBooks to Microsoft excel that is what our next segment of this post.