Can deposits made to Business checking, that are from personal funds be categorized? Where would you categorize it?

Hi there, Janet.

Thank you for reaching out with your question about categorizing personal funds deposited into your business checking account in QuickBooks Online (QBO). It's great to see you're proactive in managing your business finances accurately.

When you deposit personal funds into a business account in QBO and these funds are used for business purposes, you'll need to categorize this transaction as either an Owner's Investment or Owner's Equity. This reflects the money as a contribution to the business rather than regular business income or sales. 

Here’s how to record and categorize this in QBO:

1. Click on the + New button and select Bank deposit.
2. From the Account drop-down menu, select the business checking account where the deposit was made.
3. In the category column, you can select Owner's Equity. If this category isn't available, you'll need to set up an equity account first.
4. Enter the amount of money you have deposited.

You can also check out this article to learn more: Record an owner's contribution or capital investment in your business.

After that, you can consider recording a paying back a capital investment in QuickBooks Online.

If you have any more questions or need further assistance with categorizing your funds in QuickBooks Online, feel free to ask. I’m here to help!

Owner Contribution.