Great question, LanceT. We can set up an equity account to track capital contributions and record them as a zero amount in the bank deposit. We have a guide to help you record capital investments and track your business's incoming money.
Here's a guide steps for you:
- Select + New.
- Select Bank deposit.
- From the Account βΌ dropdown menu, select the bank account you're depositing the money into.
- Enter the Date you deposited the money.
- In the Add funds to this deposit section, enter the name of the investor in the Received from the field.
- Select the appropriate equity account from the dropdown list in the Account field.
- Specify a Payment method.
- Enter the investment amount in the Amount field.
- Select Save and Close.
If you want more information on recording capital investment to track money going into your business, you can check this article: Record an owner's contribution or capital investment in your business in QuickBooks Online.
Additionally, once you've received an investment and are ready to repay it, here is an article for you to review: Record paying back an investment.
For customized support with QuickBooks activities like report management or transaction tracking, discover our QuickBooks Live Expert Assisted option. Our skilled experts are available to help you through every aspect of your QuickBooks experience, guaranteeing you get the best possible results.
Our team is diligently enhancing the correction feature to better suit your needs. If you have any more questions or need further assistance tracking capital contributions, please click the Reply button to continue our discussion on this thread. I hope you have a pleasant day!
