Let me help you categorize the money transaction in QuickBooks Online (QBO), donna9price.
We can deposit the money into the bank account. For the category, it depends on what the money is used for. If it's for personal use or personal money put into the business, we can categorize it as owner's equity. We also recommend consulting your accountant to properly record this transaction in QBO. Here's how to create a bank deposit:
Click the New Plus icon.
Select Bank Deposit.
From the Account dropdown, choose the account you want to put the money into.
Choose the checkbox for each transaction you want to combine.
Make sure the total of the selected transactions matches your deposit slip. Use your deposit slip as a reference.
Select Account and choose the Owner's equity account.
Tap Run report.
We can also customize the report and once you have the perfect set of filters, save them so you can run the same report in the future.
After you customize a report, select Save customization.
Give your report a name.
Select Save.
Feel free to visit our Banking page for more insights about managing your bank feeds and reconciling accounts.
I'm just one post away if you need a hand with reconciling your accounts or any QucikBooks related. I'll be here to ensure your success. You have a good one.
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