My company bought into a private company by writing checks to the pre-existing owners (basically a private stock purchase). How do I record the transactions (checks) from the bank feed? Asset? Expense?
A Bank feed is a digital link between your bank account and QuickBooks Desktop. It is an online banking feature so you can download transactions and use other online services. Bank feeds also helps you avoid mistakes that can often be made when manually inputting lots of transaction data.
If you already recorded the transaction or cheque in QuickBooks Desktop, QuickBooks will match the downloaded transactions to any entries that are already in the related account.