Can i deposit a share of profit in a separate account...?

Yes, you can deposit the share in QuickBooks Online (QBO), vishfabackup.

QBO lets you record capital investments to track money. Before you start, you need an equity account to see what someone invests and makes from a business.

If you haven't set up this account, here's how to add it.

1. Go to Settings ⚙, then select Chart of Accounts.
2. Click New.
3. From the Account Type ▼ drop-down, select Owner's equity.
4. From the Detail Type ▼ drop-down, select Owner's Equity or Partner's Equity depending on your situation.
5. Click Save and Close.

After that, you can record a deposit into your equity account and pay back the funds from the investment. Here are the articles you can browse for detailed steps.

• Record an owner's contribution or capital investment in your business
• Record paying back an investment.

Keep me posted if there's anything else I can help you with recording deposits for capital investments. I'm always right here to guide you through the process.