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March 18, 2020
Question

Where do I input capital contributions?

  • March 18, 2020
  • 1 reply
  • 15 views
No text available

1 reply

Michael K
Level 4
March 18, 2020

Hey there, @suz62.

 

Happy to help out. If you'd like to track capital contributions or investments in QuickBooks Online, you'll need to setup an equity account. I've outlined this process for you below. You'll be a pro in no time.

 

  1. Go to Settings ⚙, then Chart of Accounts.
  2. Hit New.
  3. From the Account Type drop-down, choose Equity.
  4. In the Detail Type drop-down, pick Owner's Equity or Partner's Equity depending on your situation.
  5. Save and close.

 

Now you can start recording investments using this account.

 

Let me know if you have any other questions. I'm here as your number one resource for QuickBooks Online.

 

August 28, 2020

An automobile was added to the compnay as a capital contribution. How do I add that?

Moderator
August 28, 2020

Hi @Monica F,

 

I got your back on this query. 

 

You can follow the same steps provided by @Michael K above. I also suggest consulting your accountant or bookkeeper on how to proceed. They can ensure that the account created works best for you and your business. 

 

In case you missed it, I'll share these asticles: 

 

  1. Track personal money or investments to your business
  2. Record paying back an investment

Place a comment below if you need further help. I'll get back to you as soon as I can.