Let me share some insights about recording an owner's contribution in QuickBooks Desktop (QBDT).
You'll want to set this up as an owner's draw instead of a paycheck through payroll. An owner's draw account is an equity account that QuickBooks uses to track withdrawals of the company's assets to pay an owner.
If you haven't already, you'll have to create an equity account first and make sure to choose Equity or Owners Equity as the type of account.
After that, when you are ready to pay the owner, create a regular check in QuickBooks, not through payroll, and ensure it affects the Owners Equity account you created.
Moreover, you can record a bank deposit affecting the equity account for the $500 owner's contribution.
On top of that, I highly recommend seeking assistance from your accountant to ensure that your books are accurate and to avoid messing up the data. They'll be able to help and provide more expert ways of dealing with this situation.
Additionally, check out this article to learn more about managing your income, expenses effectively, and any possible errors: Learn the reconcile workflow in QuickBooks.
Please don't hesitate to get back on this thread if you have other QuickBooks-related questions. I'll be around to help. Keep safe always!
