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May 13, 2021
Question

When dollars are transferred into our bank account from donors, it is showing as owners equity but not revenue. What am I doing wrong?

  • May 13, 2021
  • 1 reply
  • 3 views
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1 reply

Rustler
Level 15
May 13, 2021

Money is not transferred from someone else's account as equity.  You are receiving income, it is a payment.  You need to select an income account for that deposit