I want to record the share capital invested by the owner in cash. That was never deposited in the bank and used by the business for initial expenses. Cash (Dr) S/Cap(Cr)

Hi i_nabeel-hotmail,

Thanks for posting in the Community!

You can create an equity account and a holding account like a cash and cash equivalent account or the undeposited funds account to track the invested amount.

To set up an equity account:

1. Click on the Settings icon, and click on Chart of Accounts.
2. Click on New.
3. Click on Account type and select Owner's equity.
4. Under Detail type, select Owner's equity or partner's equity depending on your situation.

Then, you can record the investment using the +New and select the Bank deposit option. For a more detailed step, you can check this link Record an owner's contribution or capital investment in your business and Deposit payments into the Undeposited Funds account in QuickBooks Online.

Furthermore, I'd recommend reaching out to your accountant to better guide you on what's best to record the investment for your business to best manage your books.

Feel free to post again if you have more questions.