Shareholder Initial Capitalization

Hi there, saleshurvim-gmai.

Thank you for visiting the QuickBooks Community. I'll be sharing details to ensure you'll be able to enter your transactions properly.

With QuickBooks Online, you can record personal money you use to pay bills or start your business. Accountants call this a capital investment. These funds come from you as an owner, partners, or other owners.

To start recording capital investments to track money going into your business, I recommend setting up an equity account.

Once done, you can now begin entering the investment. Please know that if you’ve connected your bank account, you don’t need to record the investment. You just need to categorise the transaction associated with your deposits. Then, if you don't automatically import your bank transactions, you can record a deposit into your equity account instead.

Here's how:

1. Click the + New button.
2. Choose Bank deposit.
3. From the Account drop-down menu, select the bank account you're depositing the money into.
4. Enter the Date you deposited the money.
5. From the Add funds to this deposit section, enter the name of the investor/ shareholders in the Received from field.
6. Select the appropriate equity account from the drop-down list in the Account field.
7. Specify a Payment method.
8. Enter the investment amount in the Amount field.
9. Choose the Save and close button.

After that, you can now pay back the funds from the investment. You may refer to this article to see the detailed steps on how to perform the process: Record paying back an investment.

You can refer to this article o how you can reconcile your accounts so they always match your bank and credit card statements. to avoid discrepancies: Reconcile an account in QuickBooks Online.

Please let me know if you have any other questions or concerns about recording your entries in QBO. I want to make sure everything is taken care of for you. I'm always here to assist. Have a good one!