I am trying to set up quickbooks for our office, and so far going okay. Our company was bought up by another larger company in the US. Since we are currently running in the red ( but with excellent prospects of large profits later in the year) the US company has been sending us funds to keep us going. What I would like to know is how I should enter these funds in Quickbooks. They are obviously not earnings. I suppose some sort of Equity account? Obviously IAMAA (I am not an accountant)
any hints would be greatly appreciated
Retief