Hello there, Race.
Allow me to offer you some insights into how QuickBooks manages the combination of personal and business funds.
Maintaining financial clarity and accuracy is usually recommended by avoiding mixing business and personal expenses. However, there may be instances where you are required to combine the two, though it isn't advisable.
You don't need to create a separate income account for your personal income. Instead, you can record it as a deposit directly into your Equity account.
Here's how:
- Click +New and select Bank deposit.
- Go to the Add funds to this deposit section.
- Choose Owner's Equity under the Account column.
I would suggest consulting with an accountant. They have specialized knowledge and expertise in financial matters, and provide other options to ensure your books are accurate.
I am sharing this article with you to help ensure the accuracy and completeness of your financial records: Reconcile an account.
You're always welcome to post again if you have other concerns other than categorizing personal income. The Community is ready to help.
