cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Not applicable

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? 

Solved
Best answer 12-10-2018

Accepted Solutions
Super Contributor *

The transfer of funds is just that.  Transfer from bank A...

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.

2 Comments
Super Contributor *

The transfer of funds is just that.  Transfer from bank A...

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.

Established Community Backer ***

If both bank accounts already belong to this business, th...

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.