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Nov 16, 2022 7:06 PM UTC
Question

I've been using QB SE as a sole propietor but just formed a single-member PLLC. How do I notate a capital contribution from my personal to new business checking account?

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1 reply

Nov 16, 2022 9:15 PM UTC

Hi there, @K_Campbell. 

 

I'm here to help you record your personal sole proprietor's contribution. Since QBSE doesn't have a chart of accounts where you can set up equity accounts, you'll want to record it as personal withdrawal to track the transaction accordingly.

 

Here's how:

 

  1. Go to Transactions.
  2. Tap Add transaction. Then, enter other transaction info.
  3. Select Personal Withdrawal as your Category.
  4. Click Save. See the image below.

To learn more about categorizing owner's draw transactions in these guides:

 

 

If you need help with other tasks in QBSE, click this link to go to our general topics with articles.

 

Drop a comment anytime if you have questions or concerns with business owner's transactions, I'll be around to help. Have a good day!