How record owner contribution in personal QB account?
Setting up new S-corp in QB. Starting new business with personal funds. If I record this deposit as a owner contribution (equity acct), how do I record the money going OUT of my personal bank account, which is set up as a separate company in QB? (Is it still a "contribution" even though the money is going "out" of this account?) Similarly, will owner distributions that are deposited into the personal account, still be labeled "distribution" in the personal company in QB even though the money is coming IN? (OR is the money going out of corporate acct a dist and money coming into personal acct is cont?)