JessT
Moderator

Account management

Hello Boknows609,

 

I'm glad that you found my colleague's answer super helpful. Let me continue to help you with your initial deposit.

 

You won't need to connect your personal account since it's not part of your business. Simply record the initial deposit as a deposit since it's a money-in transaction. Then, you can categorize it as capital or owner's equity. You can ask an accountant how to properly categorize it.

 

Please don't forget to mark your first transaction as reconciled (mark it with R).

 

Let me know if you have other questions in mind.