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hglover1
Level 1

how do i record a deposit into business checking from personal savings

how do i record a deposit into business checking from personal savings

4 Comments 4
kabel1657
Level 3

how do i record a deposit into business checking from personal savings

Hi @hglover1,

 

To record a deposit into your business checking account from personal savings in QuickBooks, categorize it as an owner's contribution or equity.

 

Go to "+ New" > "Bank Deposit," select the business bank account, and enter the amount under "Account" as "Owner's Equity" or "Owner's Investment."

 

This way, it reflects that you're injecting personal funds into the business.

 

P.S.: I’m a QuickBooks ProAdvisor with 7+ years of experience. Need help with QuickBooks Bookkeeping?

 

Google my username to see my proven track record!

CamelleT
QuickBooks Team

how do i record a deposit into business checking from personal savings

It's great to see a new member joining the Community forum, Hglover. I'd be glad to lay down the steps of recording a deposit from personal savings to business checking. I'll make sure to guide you through the process with clarity and precision.
 

When you move money from one account to another, you can record the transaction as a transfer in QuickBooks Online (QBO). Here's how:
 

  1. Go to +New and choose Transfer.
  2. In the Transfer Funds From dropdown, pick your personal savings account.
  3. Select your business checking account in the Transfer Funds To section.
  4. Enter the amount being transferred in the designated field.
  5. Edit the Date. You may also add a description in the Memo box.
  6. Hit Save and Close.
     

For more information, check out this article: Transfer funds between accounts.

You may also follow the instructions provided by kabel157.

If you require further assistance or have additional questions concerning the proper documentation of your funds' movements within QBO or other related tasks, please do not hesitate to reach out. I'll be here to help you navigate through the platform. Just post a reply below, and I will do my best to address them as soon as possible with detailed answers.

johnallenmartin
Level 1

how do i record a deposit into business checking from personal savings

What if the personal account is not part of QuickBooks?  We're not linking his personal account in QuickBooks but he transfers money to and from it,  how do I record this?

Rainflurry
Level 15

how do i record a deposit into business checking from personal savings

@johnallenmartin 

 

Follow the advice from kabel1657.  That's proper way to make a deposit from a personal account that's not in QB to a business account that is.    

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