Record Payments received in Personal as Business Income

Issue: A payment is received into the personal account and needs to be shown as business income in Quickbooks.

Solution:

• Create an invoice for the amount of payment received from the client.
• Create a payment in undeposited funds for the above invoice.
• Create a Bank Deposit: Select payment form above step, add an additional line item from client. Account is “Owner Distribution” and amount is a negative payment amount. Deposit will show as $0.