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fusé-Osaka
Level 3

Journal Entry or Cash Deposit Entry from Director's personal fund to company's bank account.

Hi,

 

I need an advice on Director's Loan Account, please.

 

While I was reconciling my bank transactions, I noticed some of cash deposits from myself/director's personal fund to my business bank accounts ware entered as "Deposit" to match bank feeds.

But others were sorted out by Journal Entries.

Is it okay to leave them as they are or do I need to change all "Deposit" entry to Journal entry?

 

I use QBO in UK, but I'm asking this in USA site as I couldn't get any advice on that site.

I appreciate if someone can advice me on this.

 
 
1 REPLY 1
Rea_M
QuickBooks Team

Journal Entry or Cash Deposit Entry from Director's personal fund to company's bank account.

Hello there, @fusé-Osaka.

 

It seems that you've posted your concern twice. My colleague already addressed the issue in your first post. Kindly refer to this link: https://quickbooks.intuit.com/learn-support/en-uk/transactions/cash-deposit-from-director-to-the-com....

 

Please know that you're always welcome to post again here in the Community if you need assistance in managing your QBO account and transactions. Take care always.

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