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QB-Learner
December 11, 2018
Solved

How to deposit money to owners equity?

  • December 11, 2018
  • 1 reply
  • 0 views
I skimmed through some info from the forums but am still confused.

I have a business account (Bank Type) this is where all payments/deposits go.

Now, from time to time there is not enough funds in my business account and I have to pull out of personal money to be able to make a transaction.

How do I deposit or put my personal money into Owners Equity? that will in turn be able to deposit into my Business account? And can QB track how much you have put into the business from personal funds?

Thanks in advance.
Best answer by Rustler
I recommend you have the following for owner equity accounts
owner equity
owner equity drawing - you record value you take from the business here
owner equity investment - record value you put into the business here

So you make a deposit in the bank account and use owner equity investment as the source account for the deposit.

I have a step by step targeted tutorial on equity, see this posting if you are interested
http://onsale-apparel.com/Rustler/my-tutorials

1 reply

Rustler
RustlerAnswer
December 11, 2018
I recommend you have the following for owner equity accounts
owner equity
owner equity drawing - you record value you take from the business here
owner equity investment - record value you put into the business here

So you make a deposit in the bank account and use owner equity investment as the source account for the deposit.

I have a step by step targeted tutorial on equity, see this posting if you are interested
http://onsale-apparel.com/Rustler/my-tutorials

    A
    arkvalleyinfo
    December 11, 2018
    Is this answer legal?
    D
    DA6160
    May 9, 2019

    Very legal, you are just categorizing the transaction to select funds in our out, and how. Everything else the CPA determines. Good luck.

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