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I know a way to record an owner's contribution or investment in a business in QuickBooks Online (QBO), @becky110.
With QuickBooks, we can track or enter the funds coming from you as an owner, partners, and other owners when starting a business. This is to keep a record of adding capital, to see the total at any time, and to repay the investment. To start working on these transactions, we can start by setting up an owner or partner as a vendor and creating an equity account for the recording of the capital investment.
To create them as a vendor, please see the guidelines below:
After that, let's move forward to creating your equity account:
To begin recording the investment, we can create a bank deposit to be posted to the appropriate equity account. If you have already connected your online banking, we'll only need to categorize the transactions associated with the deposit. Otherwise, we can follow the steps below to manually create a deposit:
That's how we can record an investment, @becky110. Furthermore, we can follow the steps outlined in this article once you're in place to pay it back: Record paying back an investment.
Feel comfortable posting your concern in this thread if you need further assistance in managing investments or QuickBooks transactions. The Community always has your back. Take care!
@RoseJillB should not attempt to answer questions like this. Record the purchase to equity? And, deposits from an investment to equity? Yikes! Just kind of wingin' it, eh?
To record your company's portion, assign the payment made to a fixed asset account called "123 Main St. - 25% Ownership" or whatever name makes the most sense.
Could you explain further how to set up an investment rental property in Desktop? Should the real estate loan be set up as a long term liability and then the designated checking account for the rental property be added in QB's to record the downpayments, expenses/utilities, and income/rent? Or should all transactions be put into an owner's capital investment equity account?
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