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aaronkpattrick-w
Level 1

I have made 2 cash deposits in my new business account to use as cash flow. What and how do I categories them? The money was transferred from my personal account.

 
2 REPLIES 2
paul72
Level 8

I have made 2 cash deposits in my new business account to use as cash flow. What and how do I categories them? The money was transferred from my personal account.

Hi @aaronkpattrick-w 

 

These are loans - create a Loan account (liability, because they're to be paid back at some point) & link the payments to that.

 

Hope that helps.

Ashleigh1
QuickBooks Team

I have made 2 cash deposits in my new business account to use as cash flow. What and how do I categories them? The money was transferred from my personal account.

 

Hello Aaronkpattrick-w, thanks for posting on the community page,  it all depends on how you want to categories them are you looking to repay the money to yourselves later on? If so you could do what Paul72 has suggested. If you're not going to pay it back to yourself, then you can do it as an opening balance. 

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