Hey. So I made a deposit into my business account to fund it to make purchases. What would I call this transaction? Owner drawings?

Welcome to QuickBooks Community, usertyler-delawarr

If the deposit came from your personal account, you'll want to set up an owner's draw account and use it when making purchase or taking out money from your business account.

Here's how to setup an owner's draw account:

1. Go Accounting and then select Chart of Accounts.
2. In the Chart of Accounts window, select New.
3. From the Account Type drop-down, choose Owner's Equity. From the Detail Type drop-down, choose Owner’s Equity. Then, enter an opening balance.
4. Select Save and Close.
   

To find out more about setting up owner's draw in QBO, check out this article: Add an owner or partner to your books.

Also, due to the nature of this questions, I would still suggest double checking with your accountant to make sure the transaction is recorded correctly according to the Australian Accounting Standard.

You can go to our  Find-a-Pro-Advisor page to look for a certified accountant or bookkeeper for an expert advice: https://quickbooks.intuit.com/au/find-a-proadvisor/

In case you'd like to know more about the accounting terms used in QBO, feel free to visit this article: Learn common accounting terms.

Feel free to drop me a reply below if there's anything I can help you with. Wishing you all the best!