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March 1, 2021
Question

We deposited money from our personal account to our newly created business account to fund the business. How do we categorise the transactions? Thanks.

  • March 1, 2021
  • 1 reply
  • 2 views
Our business account is synced with quickbook and the transactions are shown in the app. How do we correctly categorise the transactions. Thanks.

1 reply

Rajanikanth
March 15, 2021

Hi, Pristine

Move to Journal entry screen,

Debit business Bank account

Credit Owner's Contribution account

Fill the other details hit Save.

Note: If the transactions are entered already through the App edit it and select the correct accounts.

Feel free to contact me for any clarifications.