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Question by Glenn P: I’m using QuickBooks Pro 2007. I need to account for a deposit of personal funds into the business account.
$ 400 dollars of personal funds were deposited into a business account. How is that properly accounted for in Quickbooks in the business account? Thanks

Best answer:

Answer by Joseph T
First, you can not comingle personal and business money in a business. It really messes up the books. There is no proper way to account for the money.
If that is not the case, and you are giving money to the business you can do it one of two ways – you can invest it in the business or loan it to the business. Investing you would book it to your Equity account (you need to do a journal entry, debit Cash, credit your Equity account), loaning it you would book it to Liabilities (debit cash, credit loans payable).

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Annual Report of the Superintendent of Banks Relative to Savings Banks, Industrial Banking Companies, Investment Companies, Safe Deposit Companies, … Companies and Personal Loan Brokers, 1857-

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Annual Report of the Superintendent of Banks Relative to Savings Banks, Industrial Banking Companies, Investment Companies, Safe Deposit Companies, … Companies and Personal Loan Brokers, 1857-

This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR’d book with strange characters, introduced typographical errors, and jumbled words. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of

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