Creating Equity Accounts in QuickBooks
“Quicklet” - A Podcast for QuickBooks Pro, Premier, Enterprise Solutions, Point of Sale and Peachtree users featuring helpful information, tips, tricks and suggestions for bookkeepers, business owners, and consultants. Got a QuickBooks Mess? Call The QuickBooks Gal! Hi, I'm Jayne Miller, The QuickBooks Gal. Welcome to another in my series of “Quicklets” – informational podcasts about QuickBooks, Peachtree and related bookkeeping topics. Are you setting up your chart of accounts and need help creating the Equity accounts? You will find these on the Balance Sheet and they will be used to record the Owner's Equity. You will need a master account called Owner, Partner, Shareholder or Stockholder Equity. Then you can create the accounts that will record Investments and Draws. Go to your chart of accounts (you can find this by pressing the Ctrl key and the letter A at the same time, or in the “Company” menu at the top of QuickBooks). Once there, click the “Account” button in the l...