Skynar Bookkeeping
Call 734-335-7702
  • Home
  • About Skynar
  • Our Services
  • FAQS
  • Quickbooks Tutorials
  • Blog
  • Our Locations
quickbooks
quickbooks tutorial
owner contributions

QuickBooks: How To Record Owner Contributions

Part of being an owner and running a business includes spending your own hard earned dollars. It’s a fact of entrepreneurship - you’ll likely have to make capital contributions. But, how should you record this in your books? It’s vital that you record it and record it correctly. We’ve had many clients ask us about this, so we made a tutorial to help make the process easier. 

How to Record an Owner’s Equity Contribution:

Go to Record Deposits. 

Select the correct checking account. 

Select the date of the transaction. 

Select the correct owner who contributed the money (this is very helpful if you have multiple owners). 

The “From Account” will be the owner’s contributions account. This should be an equity account. 

The memo space is for your own notes, if needed. 

Include the check number as a reference, if  applicable. 

Although it asks for “Class” information, you likely will not need this. This is because the checking account and the owner’s equity account are balance sheet accounts, so this will not benefit you to include.  

Then, include the amount spent. 

Finally, save and close. 

Now, you can see this transaction in your check register. It’s also shown in your owner’s contributions. If you would prefer to watch our step-by-step tutorial, please click here. 

If you run into issues or have questions working through this tutorial, please feel free to contact info@skynarbookkeeping.com 

Previous post
All posts
Next post

Contact

Skynar Bookkeeping – Corporate Office – Canton, Michigan
40420 Blythefield Ln
Canton, MI 48188
Phone 734-335-7702 Email info@skynarbookkeeping.com
68300 CR 388
South Haven, MI 49090
Phone 734-335-7702
2534 SW 13th Ave
Cape Coral, Florida 33914
Phone 239-361-2100

Connect

© 2023 Skynar Bookkeeping Plymouth and South Haven Michigan | Buffalo and Rochester New York | Cape Coral Florida Powered by Jottful