I am trying to figure out how to input a tax refund correctly into QuickBooks.My husband owns the company, it is an LLC. My husband and I file our taxes together. We received a tax refund this year for both state and fed. We needed to use the tax money to help pay payroll, so I deposited it into the company account. Now what account do I enter it into Quickbooks? In Rustler's response, I see I should enter it as owner/partner equity investment. Is this correct, and if so, when I enter owner equity investment into the chart of accounts under income, equity, or an other current liability? I entered it from account federal taxes or state taxes, depending on what it was, but I am thinking this isn't correct.
