Bank Transfer and Income Account

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  • Updated 4 years ago
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We have 2 bank accounts, one a garage, one a shop.  Customers use the shop EFTPOS to pay their garage accounts.  When I transfer money electronically to the garage bank account, how do I get the amounts into the income account, not just the bank. Any help appreciated.
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Kathy Hutchison

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Posted 4 years ago

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Kay Laws Accredited, Accredited Partner

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Hi Cathy,

Your have a couple of options.
You can process a deposit. No option for accounting for GST though. Or
You can process a sales receipt. Or
You can process a journal

Hope this helps

Kind Regards
Kay

kmlbookkeeping@bigpond.com
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Kathy Hutchison

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Hi Kay,

I first tried a journal between bank accounts but then I couldn't see how I could get it into the garage income account?

I have now done sales receipt for the garage, so that bank account is all good.  

I then still have the debit in the shop bank account so I did a journal to a private expenses account (which it isn't really) but did balance shop account.  Any suggestions would be grateful

Thanks Kathy