Hello again, SusCSRA! We greatly appreciate your continued engagement in the Community space. It's our pleasure to assist you in effectively managing your business contributions in QuickBooks Desktop (QBDT).

Thank you for choosing QuickBooks as your trusted tool for handling your business operations. We prioritize your ability to utilize the program efficiently and effectively. We would be delighted to guide you through the process of recording monthly contributions for you and your board members.

Begin by setting up a vendor for each person and creating an owner or partner equity account. These accounts allow you to track the investments and withdrawals made by individuals in the business. Please follow the steps below:

1. Go to the List menu and select Chart of Accounts.
2. In the Account dropdown, choose New.
3. Select the Equity account type and click Continue.
4. Enter either Owner's Equity or Partner's Equity in the Account Name field.
5. Tap Save and Close.

Please note that before setting up accounts for multiple partners or owners, you need to create a single equity account. Afterward, you can create separate equity accounts for each partner. When filling out the information for the equity account, simply select "Is sub-account" and enter the parent account.

Once you have completed these steps, you can now record monthly contributions. If you have connected your bank account, there is no need to record the investment separately. Simply categorize the transactions associated with your deposits.

However, if you do not automatically import your bank transactions, you can record a deposit into your equity account instead. Here's how:

1. Go to the Banking menu, then click Make Deposits.
2. In the Deposit to field, select the bank account you're depositing the money.
3. Select the board member in the Received From field.
4. In the From account field, choose the equity account.
5. Enter an amount.
6. Hit Save & Close.

Moreover, you can keep these resources that you can use in handling bank transactions moving forward:

• Set up accounts for Bank Feeds
• Download Bank Feed transactions
• Add and match Bank Feed transactions
• Deactivate Bank Feeds for an account

Please do not hesitate to reach out to us by clicking the Reply button below or posting a new query. We will be eagerly waiting to assist you. We are dedicated to supporting your business venture and wish you a highly productive day, SusCSRA!