Hello, Tiffiny.
I'll show you how to record this additional valuation in QuickBooks Online.
If you are buying or investing in stock, you should do so under asset account. QuickBooks Online doesn't support investing or purchasing equity.
As a workaround, you can record it as an expense to track the equity purchase. Before proceeding, you can designate the equity purchase or stock investment as a vendor, and the posting account should be asset so that it does not affect the profit and loss statement (P&L).
Here's how:
- Click the + New icon.
- Select Expense.
- In the Payee field, locate the equity or stock investment you assign as a vendor.
- Fill in the Payment account, Payment date, and Payment method.
- In the Category column, choose the asset account. You select Add new if asset account isn't set up.
- Enter a description and the amount.
- Once done, hit Save and close.
I also recommend that you contact your accountant. They may have a different method of recording the transaction to ensure your books remain accurate.
If this is a capital investment, you can learn more about how to record it in QuickBooks Online by reading this article: Record an owner's contribution or capital investment in your business.
I've included this resource for future reference to learn how to personalize your report to show only the data you need for your business: Customize reports in QuickBooks Online.
You're always welcome to post again if you have further questions or other QuickBooks concerns. We're here to help you.
