Let me add a few details about transfer and deposit, vgkish.

As @JasroV explained, a transfer is when you move funds from one account to another. By definition, this needs two accounts. While a deposit is when you put money to a bank account. Usually, this can happen with only one account.

If you have transferred money to the other business, you don't need to create a deposit since the money is already on the correct account. For future reference, I've included this article in case you'll want to review and match transactions: Add And Match Bank Feed Transactions In QuickBooks Desktop.

Reach out to me anytime if you have any questions. Please know I'm always ready to help. Have a great rest of your day.