How to record withdraw and deposit for the business owner

Hi zkwatchandlearn,

It's good that accidents like these can be corrected. I'll be happy to steer you in the right direction. 

I want to make sure you get expert advice on how to record that transaction. It's important you reach out to an accounting professional about this. The good thing is our website makes it easy to search for one. You can do this by entering your postal code and you'll get a list of results with professionals in your area.

Feel free to ask questions. :) 

A professional accountant does not necessarily know how to use Quickbooks or any other software package and this is not an accounting question.

Keep it simple: there is no need to break out the bank charges in either transaction - the shareholder owes the whole amount.

Due to/from shareholder: 2003.75

                            Chequing account: 2003.75

For the Deposit entry use the make deposits function. Open a deposit slip and on a blank line enter the following:

Select the appropriate bank account to deposit to and the correct date.

The Received From column can be left blank; the From Account: Due to/from Shareholder; complete the rest of the details as required.

Done!