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Sauce21
March 12, 2023
Question

Mixed Funds

  • March 12, 2023
  • 1 reply
  • 0 views

I have a problem.  I'm co-owner, myself and my wife, of small LLC with no employees.  We had a problem with our online bank.  I ended up having to deposit our weekly income into our personal account.  Now I need to account for the income and business expenses from my personal account into QB.  My personal account is not synced with QB.  I would like some guidance so I don't make more work for myself by not correctly claiming funds.  Thank you in advance for the help.  

1 reply

MJoy_D
MJoy_D
March 12, 2023

I can help you with recording your business income and expenses, @Sauce21. 

 

You can add this as a bank deposit. Then, add these amounts to the Add funds to this deposit section. From here, make sure to set the correct income or expense account. 

 

Here's how:

 

  1. Go to the + New button and select Bank Deposit.
  2. From the Account dropdown, choose the account you want to put the money into.
  3. Scroll down to the Add funds to this deposit section.
  4. Enter all the information needed. 
  5. Select Save and close or Save and new.

 

Check this article for more information on how to manage bank deposits: Record and make bank deposits in QuickBooks Online. 

 

From here, you can run the Deposit Detail report on how to review past bank deposits. Here's how to run and customize reports in QuickBooks Online.

 

Let me know if you need further help with your income and expenses. I'm always here to help. Have a great rest of the day!

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