As owner of my sole proprietor company I am trying to add some money to my business. When I enter through Owner Equity account, it doesn't show up in my bank account and I can't find the addition in my reports. What am I doing wrong? and why is it so difficult to add equity. It seems to me, especially with small businesses, that it is not uncommon to add a little more money to keep things going from time to time. Any help appreciated.
Help adding to owner equity!
Jul 24, 2007
1 Replies
In your chart of accounts under the Owners Capital create sub accounts Owner Investment account and an Owner Draw account. Then when you wish to add money click on Record Deposits. In the "From Account" drop down choose the Owners Investment account whenever you deposit money into your business.
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