new to quick books pro 06 - Contractor Talk - Professional Construction and Remodeling Forum

sprayer48 · 08-22-2008, 10:14 PM

Hi. Have QB pro 06. Just loaded it. (ok a procrastinator ).

When I have to take money from my personal account and deposit it into my business account to cover bills, how do I record this. It seems that I never know how to record it exactly.
Say $200.00 from personal to Business.
Do I start out
Record dep.-it comes up payment to deposit (what the ?)
Received from looks like all my vendors or customers.
Should'nt it be me. Equity/asset etc
Account - current liability/equity/loan etc.
is this a loan, owners equity and do i need to record it any other way.

Think I m lost.

mark

ABLE1 · 08-23-2008, 07:16 AM

Quote:

Originally Posted by sprayer48

Hi. Have QB pro 06. Just loaded it. (ok a procrastinator ).

When I have to take money from my personal account and deposit it into my business account to cover bills, how do I record this. It seems that I never know how to record it exactly.
Say $200.00 from personal to Business.
Do I start out
Record dep.-it comes up payment to deposit (what the ?)
Received from looks like all my vendors or customers.
Should'nt it be me. Equity/asset etc
Account - current liability/equity/loan etc.
is this a loan, owners equity and do i need to record it any other way.

Think I m lost.

mark

You need help, go here: http://forums.quickbooksusers.com/forumdisplay.php?f=6

BTW it is going to be a "Loan from Shareholder" and besure to pay yourself back with interest.

Good luck,

Les