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noblemobilecorp
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,

Solved
Best answer April 23, 2020

Best Answers
Rustler
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

1 Comment
Rustler
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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