QB Issue Resolution:

Providing personal funds to your business falls under Owner Equity Contribution. Deposit to banking from Owner Contribution. If you do not have the recommended set of 3-4 equity accounts set them up now. QuickBooks ignores this need and only set a up one equity account to begin with. You need to track both funds in and out of equity (ownership) on a yearly basis. Funds out are called Draw. So you have Equity, Contributions and Draw. Even better is to make all 3 of these sub accounts of a master summing Equity account you never post to.

Resolution for Issue 'Hello! Sorry if I’m asking in the wrong sub-forum, but this seemed like banking to me. I’m trying to add a payment I made to my own account as initial funds. I’m using the Cash and Cash equivalents as the main account. However the system records the deposit as both as credit and debit to the same account, so the balance stays the same. What should I do? My bank statement does not match the account balance. Thanks!' available: Yes (Solved).
Source: Intuit Community forum.

Hello! Sorry if I’m asking in the wrong sub-forum, but this seemed like banking to me. I’m trying to add a payment I made to my own account as initial funds. I’m using the Cash and Cash equivalents as the main account. However the system records the deposit as both as credit and debit to the same account, so the balance stays the same. What should I do? My bank statement does not match the account balance. Thanks!: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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