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Hello Geo10, thanks for considering QuickBooks Community to answer your question about moving funds and reflecting it in the report you mentioned.
Yes, this is possible with the help of your accountant. Involving your accountant would be beneficial as it requires managing the movement of funds between accounts. They can provide guidance and assistance in properly reflecting the money as other income in the Profit and Loss report.
Please know that mixing personal and business funds isn't advisable. While there may be exceptions to transferring funds between personal and business accounts, keeping them separate is important to avoid complications and maintain proper financial management.
To make it happen, I recommend seeking guidance from a professional accountant. They possess the expertise to provide accurate instructions and strategies for properly handling the movement of funds. They might create a journal entry or use other methods to accomplish what you want.
To find an accountant, let's follow these steps:
- Go to the Find-a-ProAdvisor website.
- Enter the specific location, service, and product.
Let me know if you have more concerns about QuickBooks Desktop. Take care and stay safe.
