Here’s How to Enter Investment Income in QuickBooks Desktop

Investment income in QuickBooks is that income that is attained from the investment assets. These assets may include bonds, loans, stocks, mutual funds, and various others. In QuickBooks, you can manage your financial transactions and allocate your investments by setting up dedicated accounts for them. To systematize your investment income in QuickBooks, you can set up a separate account in the program and keep your investment income up to date. To manage your income, you need to create a vendor in the first place. In this article, we will converse on how to enter investment income in the QuickBooks application.

How to Record an Investment Payment in QuickBooks?

You can record investment income in QuickBooks in a few simple steps. QuickBooks investment management system enables you to keep track of your investment income accurately. To record this income, you need to create a vendor and then create an equity account; but before that, you need to learn how to divide equity in QuickBooks. In the end, you can choose a payment method and record investment income in QuickBooks. Below are the steps to accomplish these procedures:

Create a vendor in QuickBooks:

To enter investment income in QuickBooks, first of all, you need to create a vendor.

· Open QuickBooks and click Vendors from Within the Expenses tab.

· Now click New Vendors to move ahead.

· Next, provide the name of the newly created vendor before proceeding any further.

· Enter the other important information on the vendor and click OK to finish.

Create An Equity Account:

The next procedure is to create an equity account as you have created a vendor in the previous step. In an equity account, there can be several sources of income. When creating an equity account, you need to divide equity in QuickBooks carefully. Perform the below-given steps:

· Open QuickBooks application and then go to the Chart of Accounts.

· Choose New, and then select Equity from the Account Type drop-down list.

· Now from the Details drop-down list, select Partners & Owners equity options.

· Provide a name to the equity account and click Save and Close to finish.

· In the end, enter the capital investment funds in the account, and you are all set to enter investment income in QuickBooks.

Deposit The Amount After Selecting A Suitable Payment Mode

Select a suitable payment mode, and you may now deposit the amount in QuickBooks by performing the below-given set of steps:

· From under the Others tab, click + Create icon and then further click on Bank Deposit.

· Now from the Accounts drop-down list, choose your bank account.

· After that, enter the date for the fund deposit.

· Moving ahead, from New Deposits, provide the investor’s name in the Received From area.

· Again, select a suitable account from the Accounts drop-down menu and then choose your payment mode.

· Finally, Enter the amount in the given field and click Save and Close.

How to Record Change in Value of Investment in QuickBooks?

It is important for you to learn how to record change in value of investment in QuickBooks application, because you may perform this task while managing your investment income from within the program. If there is a change in the investment fund from you as an owner, partners, or other owners, you need to record it into the QuickBooks to manage your investment accurately.

What Is QuickBooks Investment Management?

QuickBooks investment management helps regular QB users to record and manage their investment income. In QuickBooks, you can create a separate account to keep track of your investment income and keep it up to date. Investment income is that income you get from the investment assets. If you want to record the investment income, you need to create a vendor in the first place. After creating a vendor, you need to set up an equity account in QuickBooks. A company’s equity is equal to assets minus its liabilities. QuickBooks investment management system can help you to make the most out of your investment income earned through various investment assets.

Get More Help!

This article offers a comprehensive guide on various aspects of investment income in QuickBooks. Following the described steps carefully, you can learn how to record investor money in QuickBooks. However, if you are having technical distress in performing the steps, feel free to dial our QuickBooks error helpline number. Our experts will help you to enter investment income in QuickBooks, and you can get all the related queries resolved in a prompt yet hassle-free manner. 

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Created on Aug 12th 2020 16:40. Viewed 332 times.

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