It's nice to see you here, lesley-dube-gmai.
I'll make sure you'll be able to record the owner's contribution in QuickBooks Online.
The owner's contribution is recorded in your equity accounts. I can guide you to record it successfully.
Here's how:
- Go to the Accounting menu.
- Click Chart of Accounts.
- Select New.
- In the Account Type section, choose Equity.
- From the Detail Type field, select Owner's Equity.
- You can enter the Owner's Contribution in the Name field for easy tracking.
- Type in the contribution amount in the Balance field.
- Once done, hit Save and close.
If you need to add an amount to the owner's contribution. You can create a bank deposit and enter all the necessary information. Then, use the owner's contribution account you created above in the Account column. You can refer to this article for more detailed information: Record an owner's contribution or capital investment in your business.
Before doing so, I'll suggest reaching out to your accountant. They'll be able to guide you in which account to use to ensure your books are accurate.
For future reference, you can check out this resource to learn how to pay the owner using company assets in QuickBooks Online: Record paying back an investment.
Let me know if you have further questions about managing the owner's contribution. I'll be here to help you.
