Procedure to Record Investment Income in QuickBooks

If you manage your business in QuickBooks application, the application helps you to enter and manage investment income in QuickBooks. The income earned from the investment assets such as bonds, loans, stocks, and mutual funds is termed as investment income in QuickBooks. In QuickBooks, you can allocate your investments by setting up dedicated accounts for them. You can keep your invest income accurate and up to date in the QuickBooks application by setting up a separate account for it. In this article, we will discuss how to record investment income in QuickBooks and what are the steps involved in getting the task accomplished.

QuickBooks Investment Management: Description

QuickBooks investment management can help you to record and manage your investment income in the application. You can create a separate account to manage your investment income in QuickBooks and keep track of any discrepancies in the investment income. If you want to enter the investment income in QuickBooks, you need to create a vendor and provide detailed information about the vendor. Next, you need to set up an equity accounting, which can be a daunting task sometimes. A company’s equity is equal to assets minus its liabilities. QuickBooks investment management system can help you to systematize your investment income in QuickBooks earned from different sources.

How to Record an Investment Payment in QuickBooks?

Below are the steps that can help you to enter investment income in QuickBooks Desktop when followed carefully:

Step 1: Create a vendor in QuickBooks:

In the first place, you need to create a vendor to enter investment income in QuickBooks. Follow the below-given set of steps:

• From within the QuickBooks application, click Vendors from Within the Expenses tab.
• Now you need to click New Vendors to move ahead.
• Once you are done, enter the name of the newly created vendor before proceeding any further.
• Finally, enter the other crucial information on the vendor and click OK to finish.

Step 2: Create An Equity Account:

To create the equity account in QuickBooks, you need to follow the below stated steps. Before proceeding any further, you need to know how to divide equity in QuickBooks as there can be several sources of the income in an equity account.

• Launch QuickBooks and go to the Chart of Accounts.
• Next, you need to choose New, and then select Equity using the Account Type drop-down list.
• After that, select Partners & Owners equity option from the Details drop-down list.
• Once you are done, enter a name to the equity account and click Save and Close to finish.
• Finally, enter the capital investment funds in the account, and you may now enter the investment income in QuickBooks.

Step 3: Deposit the Amount After Selecting A Suitable Payment Mode

This is the final step to record investment income in QuickBooks where you need to choose a suitable method for the payment and deposit the amount. Follow the below-described steps carefully:

• In QuickBooks, go to the Others tab and click + Create icon.
• Next, click on the Bank Deposit.
• Now from the Accounts drop-down list, choose the bank account that you want to record your investment income.
• Moving ahead, enter the date for the fund deposit.
• From New Deposits window, enter the investor’s name in the Received From area.
• Again, select a suitable account from the Accounts drop-down menu and choose a suitable mode for the payment.
• Finally, enter the amount in the specified field and click Save and Close to complete the procedure.

How to Record Change in Value of Investment in QuickBooks?

Now that you know how to record an investment payment in QuickBooks, you need to know the procedure to record the change in the value of an investment in QuickBooks. You may need to perform this task when there is a change in the investment fund from you as an owner, partners, or other owners.

Get Help from QB Experts!

This article discusses on how to record investor money in QuickBooks. If you have any doubts related to the steps used in this article, or you need to talk to a QB expert for the same issue, give us a call on our QuickBooks error helpline number (855)-526-5749. On connecting, you can get all your queries related to the investment income in QuickBooks answered.