It's my pleasure to help you decide, @vgkish.
In your case, you can use transfer as you're transferring funds between two accounts. You use transfer or bank transfer when moving funds from one account to another.
On the other hand, a deposit is used when you want to put your funds in a bank account.
Furthermore, here's how to transfer funds in your QuickBooks Desktop (QBDT) software:
- Go to the Banking menu.
- Select Transfer Funds.
- Select the bank account that the funds are coming out of from the Transfer Funds From drop-down menu.
- Then from the Transfer Funds To drop-down, select the bank account the funds are being transferred into.
- Enter the amount being transferred in the Transfer Amount field.
- Fill in the needed information and click Save and close or Save and new.
Let me also add this resource that you can use for future your reference: Reconcile an account in QuickBooks Desktop. This link can guide you in ensuring that your accounts are well accounted for.
Tag me in if there's anything else you need help with on managing your accounts. I'd be more than happy to work with you. Keep safe and take care!
