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Level 1

Landlord deposited money in my bank account so I can repair the store, what should I register it as?

I have QB online with online banking connected. Online Banking registered it "Billable Expense" it is obviously not a billable expense but to be honest I dont know what the entry should be for that deposit.

 

Thank you in advance,

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Best answer April 23, 2020

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Level 15

Landlord deposited money in my bank account so I can repair the store, what should I register it as?

It is other income, then you spend it on repair expense

on the P&L income is reduced by expense and it will wash.

View solution in original post

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Highlighted
Level 15

Landlord deposited money in my bank account so I can repair the store, what should I register it as?

It is other income, then you spend it on repair expense

on the P&L income is reduced by expense and it will wash.

View solution in original post

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