QB Issue Resolution:

If you have shareholder distributions, that means you are a c- or s-corp for taxes, so no that would not be correct.

 

The best thing is to receive payment against the invoice in QB and deposit your check in the business account for that amount.

 

Letting banking downloads do your accounting for you, can lead to all kinds of different issues

Resolution for Issue 'Hi, I received a client payment into my personal account for convenience to my client. When the transfer cleared, I then transferred the funds to my business account. When the transfer posted to my business account, QBO automatically categorized it as a “Transferred from Shareholder’s Distribution”. Is this correct? If not, what categorization should I use, so that I may associate the funds to the proper invoices? Thanks in advance.' available: Yes (Solved).
Source: Intuit Community forum.

Hi, I received a client payment into my personal account for convenience to my client. When the transfer cleared, I then transferred the funds to my business account. When the transfer posted to my business account, QBO automatically categorized it as a “Transferred from Shareholder’s Distribution”. Is this correct? If not, what categorization should I use, so that I may associate the funds to the proper invoices? Thanks in advance.: 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.

Support for categorize a client payment received
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Error Recovery for categorize a client payment received [Canada]
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