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November 23, 2023
Question

Capital Investment

  • November 23, 2023
  • 1 reply
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How I will record the payments made for a construction company for a new building that will be used in a different business?

1 reply

November 23, 2023

Glad to have you here in the Community, @Vanj0231.

 

I've come to help with how to record those payments in QuickBooks Desktop.

 

To record a capital investment with payments using deposits or checks, create an Equity account first to track your money invested in the business. I'll show you how to do it:

 

  1. Go to the List menu and select Chart of Accounts.
  2. In the Account dropdown, choose New.
  3. Select the Equity account type and click Continue.
  4. Enter either Owner's Equity or Partner's Equity in the Account Name field.
  5. Tap Save and Close.

 

However, if you don't automatically import your bank transactions, you can record a bank deposit into your equity account by checking out this article: Record and make bank deposits in QuickBooks Desktop.

 

Moreover, visit this reference to guide you in seamlessly managing your income and expenses in QBDT: Learn the reconcile workflow in QuickBooks.

 

Please don't hesitate to reply to this thread if you have other concerns about recording your transactions or QuickBooks-related queries. I'll be around to help. Keep safe always.