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Sep 12, 2023 12:57 AM UTC
Question

How do you do an owner equity deposit in Quickbooks essential?

I can not see where there is a "deposit option"

1 reply

Sep 12, 2023 2:30 PM UTC

Hi cgostick-telus-n,

 

Thanks for reaching out to us here.  It's important that you're on the right track with recording capital investments and owner's contributions in QuickBooks Online.  I'd be glad to assist!

 

Before getting started, you'll need to set up an equity account.  When an owner or partner wants to make a contribution, you'll need to set them up as a supplier.  Once you have these set up, you can record and track investments made to the business.  Here's a helpful guide, for your reference.

 

If you require additional assistance, I encourage you to speak with an accounting professional.  They'll be able to provide their expertise and beset course of action.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

Feel free to reach back out with other questions.  We'd be happy to help!