assuming the business is taxed as a sole proprietor or partnership, deposit the funds and use owner equity investment as the source account for the deposit
For a company taxed as a sole proprietor (schedule C) or partnership (form 1065), I recommend you have the following for owner/partner equity accounts (one set for each partner if a partnership)
[name] Equity (do not post to this account it is a summing account) >> Equity >> Equity Drawing - you record value you take from the business here >> Equity Investment - record value you put into the business here
How would this work for a sole proprietorship in QuickBooks Self-Employed? There aren't Owner's Deposit or Equity Investment categories, on Transfer or Personal Deposit. I don't want to categorize it as income since it's already taxed money.