If I contribute to my business out of my pocket for the entire year how do I classify the deposits?

Glad you made it here, userlmassengill.

I can guide you through the process of classifying deposits from your personal account. First, let's record the business expense you paid for with personal funds using a Journal Entry.

Here's how:

1. Go to the + New icon.
2. Select Journal entry.
3. On the first line, select the expense account for the purchase.
4. Enter the purchase amount in the Debits column.
5. On the second line, select Partner's equity or Owner's equity.
6. Enter the same purchase amount in the Credits column.
7. Click Save and close.

Then you decide how you want to reimburse the money. Is it by recording the reimbursement as a Check or as an Expense.

For the steps on how to create a check or an expense, visit this article and proceed to Step 2: Pay for business expenses with personal funds.

In case you want to review the entries made, you can pull up or print a report for Journal Entries.

To do that:

1. Go to the Search icon then choose Advanced Search.
2. Filter your search to Journal Entries. Add additional filters such as Reference no., as necessary.
3. Select Search, then choose the desired Journal Entry.
4. Select More, then choose Transaction journal.
5. To print, select the Print icon in the upper right of the report.

If you have another question in mind, please let me know. I'd be happy to answer them for you. Have a good one.