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January 16, 2021
Question

How should I categorize direct deposit income from employer?

  • January 16, 2021
  • 1 reply
  • 0 views
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1 reply

Rustler
Level 15
January 17, 2021

If you are employed, then that is a personal payment and not business

 

But if you are wanting to deposit the personal payment into the company as an investment, use owner equity investment as the source account for the deposit