Disbursements as income?

And also, would the capital contributions made to the company be considered an expense? Or some sort of equity? 

Good day, Gabalot.

With QuickBooks Online, you can record an equity account to keep track of your capital investments. I'm here to guide you through the process.

After you set up an equity account, you're good to record the investment. Before doing any of the steps, I'd recommend consulting with your accountant so they can guide you on the best accounts to use.

Here's how to record the investment:

If you’ve connected your bank account, you don’t need to record the investment. You just need to categorize the transaction associated with your deposits.

If it's not connected, you can follow these steps:

1. From the + New button, select Bank deposit.
2. On the Account drop-down, select the bank account you're depositing the money into.
3. Enter the Date of the deposit.
4. In the Add funds to this deposit section, enter the name of the investor in the Received from field.
5. Select the appropriate equity account from the drop-down list in the Account field.
6. Specify a Payment method.
7. Enter the investment amount in the Amount field.
8. Select Save and close.

When you're ready to pay back the funds from the investment, you can browse this article: Record paying back an investment.

You can always get back to this thread whenever you have other concerns or if you have follow-up questions about recording the investment.

Thanks! So I guess it is considered equity, rather than income? I’m still wondering what equity account it would be! And what kind of equity account a capital contribution expense would be. 

@Gabalot 

I wouldn't take the advice for this from a QB employee.  This is 100% a CPA question.  Intercompany transactions have rules and they can depend on a bunch of factors.