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June 15, 2021
Question

Deposit

  • June 15, 2021
  • 1 reply
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Just recently started quickbooks and linked my new bank account. I deposited a few large lump sums of money into my account that I made since the new year. This was to help me start my business. Now that it is in my new account, should I classify this as income in a specific category or exclude it? 

1 reply

Rustler
June 15, 2021

If the money deposited was personal funds, then that is equity investment, deposit the funds and use equity investment as the source account for the deposit