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February 9, 2021
Question

How to record a direct investment transactions in QBO

  • February 9, 2021
  • 1 reply
  • 0 views

I have opened a Direct Investment account under my business

I need to track the money transferred to that account, also possible profit/loss in future. (don't need to track my investments one by one)

How should I do that in QBO? 

1 reply

February 9, 2021

Hello, RezaRahmati.

 

I have a way to help you track your direct investment money in QuickBooks Online. 

 

You can create a bank deposit to keep track of your money for the direct investments. Here's how: 

 

  1. Click the + New icon, then select Bank bank deposit
  2. Select the direct investment account under Account (or where you would deposit the money). 
  3. Under Add funds to this deposit, select the vendor where you invested the money to (or click + Add new). 
  4. For the Account, select the account where you would track the funds (check with an accountant for guidance about this). 
  5. Add the amount, then enter other important information. 
  6. Click Save and Close.

 

 

Note: As far as depreciation and appreciation goes (and possible profit or loss events), you'll want to do manual entries for these. QuickBooks isn't intended for investment fluctuation tracking. 

 

I also recommend consulting an accountant so they can guide you through the process. They can also give you the best advice on handling the investments profits and gains in QuickBooks. 

 

Need to get started on other processes such as recording transactions, running reports, and such? You can check out the topics in our Help page and browse for an article for guides. 

 

I can show you what else you can do in QuickBooks Online. Just post your questions in this thread and I'll help you out.