This looks like a good addition to the program, Praveen Uduweriya.

Transferring inventory items from one location to another is a feature that's only available in QuickBooks Desktop. QBO doesn't have this option at this time.

I've also seen some posts from other users about having this option. That being said, I'll be sure to send your request to our developers. The updates we roll out are usually based on the suggestions we get from the users.

I'll be right here if you need more help. Thanks.