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March 9, 2024
Question

Can I track personal money put into my company so it doesn't look like a sale?

  • March 9, 2024
  • 1 reply
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1 reply

Clark_B
March 9, 2024

Thank you for reaching out to the Community, @retiredframerbru.

 

I'd be glad to help you track your personal money put into your company so it doesn't look like a sale in QuickBooks Online (QBO).

 

Yes, you can track it in QBO. If the personal funds you put into your business are used to pay bills or start the business, you can record it as a deposit and post it to an equity account. Refer to this article for more information on how to record capital investments to track money going into your business.

 

In addition, check this article to help you learn how to record business expenses you made with personal funds in QBO: Pay for business expenses with personal funds.

 

For future reference, I'll also add this article to help you review or verify the data if there are any discrepancies: Run reports.

 

Please don't hesitate to leave a comment below if you have any other concerns on how to track personal money. I'll be here to assist you.