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The source of the deposit (your joint bank account) doesn't affect the allocation to your capital equity accounts. You still want to record the deposit to separate equity accounts based on your ownership percentages.
Hello there, @soleneventures-g. I want to ensure you'll be able to set up an owner's equity account in QuickBooks Online (QBO).
Thanks for sharing the details of your concern. I'm here to share some details about setting up an owner's equity in QBO. To start, you can set up the owner and partner as a vendor. You need to do this for the owner and partner who wants to make a contribution.
Once done, you can now create equity accounts for the owner and partner so you'll able to see what they invest and makes from a business. Here's how:
For reference, please check this article: Add an owner or partner to your books.
Then, to record a capital investment. For detailed steps, check out this link: Record an owner's contribution or capital investment in your business.
However, I still recommend reaching out to your accountant to further guide you in setting up equity accounts. They can also advise you on how you can record and track the contributions correctly.
I'd be glad to provide additional assistance if you need further help in setting up an owner's equity account in QBO. Please don't hesitate to post again here. Have a good one and keep safe.
The source of the deposit (your joint bank account) doesn't affect the allocation to your capital equity accounts. You still want to record the deposit to separate equity accounts based on your ownership percentages.
Thank you! And I'm assuming with the 2 separate equity accounts we would just use a split for the single deposit amounts coming over from our joint personal account then?
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