If I am transferring funds from bank account A to bank account B. I want the funds transferred to be recorded as a capital contribution. How do I record this entry?
If I am transferring funds from bank account A to bank account B. I am closing bank account A. I want the funds transferred to be recorded as a capital contribution. How do I record this entry? I have the transfer between accounts and then the recording of the capital contribution?
If I am transferring funds from bank account A to bank account B. I want the funds transferred to be recorded as a capital contribution. How do I record this entry?
The transfer of funds is just that. Transfer from bank A to bank B. You would record the capital contribution when the initial funds were entered into qb as a bank deposit.
If I am transferring funds from bank account A to bank account B. I want the funds transferred to be recorded as a capital contribution. How do I record this entry?
The transfer of funds is just that. Transfer from bank A to bank B. You would record the capital contribution when the initial funds were entered into qb as a bank deposit.
If I am transferring funds from bank account A to bank account B. I want the funds transferred to be recorded as a capital contribution. How do I record this entry?
If both bank accounts already belong to this business, there is no New Capital here; you basically moved your own money from one pocket to the other, but it was already yours.
