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Contribution account: How do we transfer/convert OOP expenses to Owner’s Equity Cash Contribution account?

thanks for writing to us via the community forum. Kindly refer to attached screenshot. This is how we can record an expense incurred made by the business owner’s equity account

This is done via the Expense function which can be located under the ” + ” sign

In summary, the expense amount is […]

Resolution for 'Contribution account issue: 'How do we transfer/convert OOP expenses to Owner’s Equity Cash Contribution account?' available: Yes.

The Contribution account 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 Contribution account issue yourself by looking for a resolution described in the article. If it is a complex Contribution account issue or you are unable to solve the issue, you may contact us by clicking here or by using other Contribution account support options.

For more information about resolving issues related to Contribution account in Quickbooks/QBO or to get support for the issue 'How do we transfer/convert OOP expenses to Owner’s Equity Cash Contribution account?', click the link below:

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Contribution account: Should commission directly deposited to my bank account be categorized to my Owners Contribution account?

You need to have two financial files, one for personal, one for business

commissions received as a result of your work are income to the business

how you spend it is up to you.

typically, if you spend business funds on personal expenses, you first take the money out of the business as […]

Resolution for 'Contribution account issue: 'Should commission directly deposited to my bank account be categorized to my Owners Contribution account?' available: Yes.

For more information about resolving issues related to Contribution account in Quickbooks/QBO or to get support for the issue 'Should commission directly deposited to my bank account be categorized to my Owners Contribution account?', click the link below:

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