Financial Exchange: Transfers

Exchange Overview | Transfer Merchandise between Stores

A transfer of merchandise between stores does not result in any net change in your company inventory value. However, if freight charges are entered on the transfer slip or if you have elected to track stores by class in QuickBooks, transfer slips are sent and create a general journal transaction to update accounts accordingly.

By default, freight charges are posted to the Freight & Shipping Costs expense and POS Inventory Adjustment accounts, and if tracking stores by class, the Inventory Asset accounts for each store class are updated.

You can use these links for more information and illustrations:

- You can view the matching transaction in QuickBooks for a Point of Sale transfer slip via a link in your Point of Sale transfer history list.

- Read various ways to customize Financial Exchange

Overview: How QuickBooks handles Point of Sale data