I am very new to Quick Books Online. I transferred some money from my personal account to the business bank account. This money will be needed to pay for startup items.
How do I record this in Quick Books? In the future, I will need to do similar transactions from my personal account to the business account. How can I put in place an efficient way of keeping track of these?
Thank you for the guide I think I got it right. Just one question, when I categorize the transfer it is asking me the VAt rate. I am pretty sure it is 0% but which one should I choose? Purchase or sale or something else?