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February 7, 2024
Question

Hello, I need to make a new category - Owners Deposit - Equity. What should the Account Type and Detail Type be categorized under? TIA!

  • February 7, 2024
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1 reply

February 7, 2024

Thanks for posting in the Community, loveseatpicnics-!

 

Let me show you how to create a new category for an owner's equity.

 

  1. Go to the Gear icon and select Chart of Accounts.
  2. Select New
  3. On Account Type, select Owner's equity.
  4. Select a relevant Detail Type.
  5. Enter Name of that account.
  6. Select Save and Close.

 

For your reference, you can also check this article: Record an owner's contribution or capital investment in your business.

 

Feel free to drop a comment below if you have any other questions. Have a great day!