View Full Version : Deposits that are not income
How do I record a deposit from the owner's personal checking account into the company checking account?
Thanks for your help.
Code it to an equity or loan account
Thanks for your answer but it doesn't really answer my question or maybe I didn't word my question correctly.
I know that it is either an owner investment or loan but how do I deposit that money in the checking account in Peachtree??? I know I can make a general journal entry but that won't show up as a deposit when I try to reconcile my checking account.
Thanks JO :)
jriehl
05-16-2003, 05:27 AM
JO,
If you want the depoist to increase the owner's equity in the business then fill out the depoist (Tasks/Receipts) in the usual way and select the G/L Acc the relates to the owner's equity account. This will add the amount to the cash account you are using and will increase the owner's equity account.
You can check yourself by noting the balances of both accounts before and after the transaction is made.
JR
vBulletin® v3.8.4, Copyright ©2000-2012, Jelsoft Enterprises Ltd.