Moving monies between funds

by Linda Lou
(Upper Peninsula of MI)

Thank you for all of your help using QB within a church. We have been using QB for a couple of years.

My question: we recently moved monies out of our general fund into a CD. How do I record that?

I do have the general fund set up as an asset and the CD set up as an asset but cannot figure out what transaction to use to move the monies within QB.

Comments for Moving monies between funds

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Apr 13, 2019
by: Vickey

You want QuickBooks to represent real life, so if it was simply pulling an amount from the church's bank account and depositing/investing it in a CD... you can enter it as a "transfer" in QuickBooks.

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Join in and write your own page! It's easy to do. How? Simply click here to return to QuickBooks.

If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.

Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)

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