quickbooks set up equity

Quickbooks Equity Accounts for a Sole Proprietor

Owner¬†Capital, Contributions, and Draws Equity accounts keep track of the owner’s interest in the business. When an owner puts money in the business it is a contribution. When she takes money out it is a draw. These entries are sometimes recorded as income and expenses incorrectly. Quickbooks will create different types of Equity Accounts for[…]