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Two of my clients, despite sending them new account details for my business bank account have paid me into my personal account (used to be sole trader) If i transfer all the money into my business account how would I account for this the right way in QBs so it's all done properly and matches up with invoices i have sent through QBs.
Thanks for your help!
Solved! Go to Solution.
Hello Adelarks,
Welcome to the Community page,
So you can set up the personal account in your QBO account in the chart of accounts section but not attach it as in link the actual bank account with it. And then record a bank transfer to that account or you have to record a transfer to the directors equity account or if it has come into the business bank account the long way around via your personal bank account you can just match it to the open invoices as it will be a deposit and then forget about the bank transfer from the personal bank account.
Hello Adelarks,
Welcome to the Community page,
So you can set up the personal account in your QBO account in the chart of accounts section but not attach it as in link the actual bank account with it. And then record a bank transfer to that account or you have to record a transfer to the directors equity account or if it has come into the business bank account the long way around via your personal bank account you can just match it to the open invoices as it will be a deposit and then forget about the bank transfer from the personal bank account.
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