Which account do I enter in the "From Account" box when making a deposit into my employer's personal account?
We have 2 Quickbooks files set up for my boss, one business and one personal. If my boss withdraws money from the business using the Owner's draw account and deposit it into his personal account, which account to I enter in the "From Account" field of his personal account? Also, I presume that I enter the business name in the "From" account, but please correct me if I'm wrong).
Which account do I enter in the "From Account" box when making a deposit into my employer's personal account?
In the personal account you would have to use owner equity investment as the from (source) account for the personal deposit.
QB is double entry accounting, personal finance is usually single entry bookkeeping and for that reason alone quicken is much better suited to personal finance
Which account do I enter in the "From Account" box when making a deposit into my employer's personal account?
In the personal account you would have to use owner equity investment as the from (source) account for the personal deposit.
QB is double entry accounting, personal finance is usually single entry bookkeeping and for that reason alone quicken is much better suited to personal finance
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