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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 o