Owners Equity

That's a good question, Jonnybegood.

The Owner's Equity account will not be affected by the daily expenditures if it's not used when creating transactions.

If this is a capital investment, let's make sure it's recorded correctly in the program. 

To start, we'll have to set up an equity account. Then, let's record a deposit. Here's how:

1. Go to + New and then select Bank deposit.
2. From the Account drop-down menu, select the bank account.
3. From the Add funds to this deposit section, enter the name in the Received from field.
4. Select the appropriate equity account from the drop-down list in the Account field.
5. Specify a Payment method.
6. Enter the investment amount in the Amount field.
7. Click Save and close.

If your bank account is connected, we only need to categorize the transaction associated with your deposits.

For more details, please see this article: Record Capital Investment.

You can also reach out to an accountant to guide you through the process. If you don't have one, you can use our Find-an-Accountant tool to look for an expert near you.

Additionally, I've added an article that'll help you track your daily expenditures in QuickBooks Online: The Difference Between Bills, Checks, and Expenses.

Please keep us posted if you need additional assistance in tracking your transactions. We want to make sure your books are always accurate.

Thanks for getting back to us, Jonnybegood.

The four major types of transactions that affect equity in a business are owner withdrawals, advertising, new investments, and business transactions that lead to the accumulation of profits or losses.

To get detailed information about what type of transactions can affect the Owners Equity Account, we can run the Balance Sheet report in QuickBooks Online or Owners Equity's quick report. Here's how:

1. Click Accounting in the left panel and choose Chart of Accounts.
2. Locate the Owners Equity Account.
3. Under Action, click the drop-down arrow and select Run report.
   

Once pulled up, we can click the amount on the report to show all the transactions associated.

I recommend customizing the report to get the specific details you need. You can also memorize it to save its current customization settings. It serves as your record and helps you quickly access it for future use. 

Just reply to the thread if you have other questions about this or with QuickBooks, Jonnybegood. I'm always willing to back you up. Take care always.