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October 11, 2023
Question

Entering a truck purchase and the deposit

  • October 11, 2023
  • 1 reply
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Where do I enter the deposit made for a truck purchase ? 

 

1 reply

October 11, 2023

I know how important it is for you to keep track of your expenses and record your deposit. I'm here to guide you with the steps, ginagld.

 

To record the deposit into your equity account:

 

  1. On the Upper right corner, Click +New.
  2. Select  Bank deposit.
  3. Choose the bank account where you want to deposit the money.
  4. Enter the Date you deposited the money.
  5. In the Add funds to this deposit section, enter the investor's name(your name) in the Received from field.
  6. Select your equity account from the drop-down list in the Account field.
  7. Choose a Payment method, then enter the investment amount.
  8. Click Save and close.

To record the expense made for the truck purchase:

  1. Click +New then choose Check or Expense depending on how you want to record it.
  2. Select a Payee, then choose the bank account where you made the purchase.
  3. Choose the right tax category under the Category details dropdown list.
  4. Enter the amount of the truck purchase.
  5. Click Save and Close.

 

Here is an article I would share for you to save time tracking and recording your receipts and bills: Upload your receipts and bills to QuickBooks Online (intuit.com)

 

If you have any other concerns about recording an expense and deposit, feel free to post here in the Community space. Have a great day!