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John F3
Level 1

Social Security retirement income - from account

Hi,

I receive a fixed amount of income from social security for my retirement each month and it gets direct deposited into my account. How do I ledger that? Which "from account" do i select?

Thanks,

John

1 Comment 1
Rustler
Level 15

Social Security retirement income - from account

SS income is personal, if you want it in the business then use owner equity investment as the source account for the deposit.  But only if the company is taxed as a sole proprietor or a partnership

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