I have successfully used Journal Entries to transfer funds for years, in QB Premier Desktop.  First create two new categories:  Funds transfer Income (an income account) and Funds transfer Expense ( an expense account).  Then create your Journal entry.  Use the Funds transfer Income and Class the fund you want the money to go into, and amount in the increase column.  Then Funds transfer Expense with the same amount in decrease column and Class the fund the money is to come out of. 

Keep in mind that those two accounts will show up on P/L as both Income and Expense, but will be equal - net zero effect on balances.  If you want in customizing reports, just filter those two accounts out, and they will not show up on P/L.