Here’s How to Record Investment Income in QuickBooks

QuickBooks is a multi-functioning software that helps to manage business accounts of small and medium-size business organizations. It allows you to record investment income by setting up different accounts. Recording investment income is very important to maintain company accounts accurate and up to date. Learning the procedure to record investment income in QuickBooks is not a tough task when you are on the right platform.

In this article, we will guide you about How to Record Investment Income in QuickBooks. You must read this blog until the end to figure out how to Record Investment Income in QuickBooks. In case of any doubt, you can call us at our toll-free number (844)-932-1139 to take experts advice.

Steps to Record Investment Income in QuickBooks

Recording Investment Income is vital to maintain business records. QuickBooks allows you to record your investment income such as cash, assets, bonds, and shares you used to start a business. You can record investment income by carefully following the process given below.

1. Open your QuickBooks application, chose Vendors from the Expenses section.

2. You must select new vendors.

3. Now enter the vendor name with the name of the contact person.

4. You must enter the required information being asked and then click on the OK button to save the information.

5. Once you have created vendor in QuickBooks, now create an Equity account to proceed.

6. Go to Charts of Accounts, in QuickBooks.

7. Click on New and select Equity from the Account Type drop-down list.

8. Now choose Details from drop-down lists and you must select from Partner’s & Owner’s equity options as the equity is based on different money sources.

9. You must assign a name for this equity account and click on the Save button to record your information and then close.

10. The moment you have created vendors and equity account in QuickBooks, then you are ready to record investment income in QuickBooks. To complete the whole process follow the next steps cautiously.

11. Go to the Others tab, hit a click on + Create and choose Bank Deposit.

12. You must select the Bank account from the Accounts drop-down list.

13. Now submit the Fund Deposit Date.

14. Enter the investor’s name in the Received from the area under the New Deposits section.

15. You must now select the correct account from Accounts drop-down and select a Payment method.

16. Enter the exact figure in the Amount filed to avoid any disturbance in records.

17. Now to complete the whole procedure click on the Save and Close button.

How to Reach Us?

In this article, we have discussed the detailed process of How to Record Investment Income in QuickBooks. In case, you have any queries related to the procedure, feel free to call us at our toll-free number (844)-932-1139 to take professionals advice. You can also reach our website to know more about QuickBooks and its features.