How to add personal money to small business

[Beth Leonard]

According to our accountant for our sole proprietorship
the transfer account for this type of bank deposit is
Equity->Draw.

--Beth

On Fri, Apr 04, 2008 at 01:30:02PM -0700, Myrion wrote:
> 
> Hello,
> 
> I can't seem to find an answer to this seemingly easy question:
> 
> I am using GnuCash (2.2.3) to keep records for my small business. However,
> as with many new small businesses, the income I generate isn't enough to
> cover the expenses. Therefore I must put in some money I generate from my
> normal day job (which is a bi-weekly paycheck that has been taxed). 
> 
> So I guess my question is:  Since my day job income isn't part of my small
> business income, where do I place it in GnuCash so that it is just there to
> cover expenses that I have to pay? I deposit cash into my Business Checking
> account so that I can cover the expenses of the business. Remember, this
> isn't actually income from the business though, and it has already been
> taxed through my employer. 
> 
> Whenever I try to just make a deposit into the Business Account in GnuCash,
> it wants to know from which account I'm drawing these funds. But since it
> isn't an account, it's simply outside cash being deposited, this is where I
> get confused.
> 
> Any help would be most appreciated!
> 
> Thanks!
> 
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> 
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-- 
Beth Leonard
http://www.LeonardFamilyVideos.com