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andersm0
Level 1

Recording preffered stock sale.

My company intends to sell preferred shares. Do I create an equity account to record the shares or is it a liability?

1 Comment 1
Nick K
QuickBooks Team

Recording preffered stock sale.

Hi andersm0,

 

Making sure your books are correct and going to the right account is important for all businesses. I can definitely point you in the right direction for this.

 

If you have questions on how to use the program or have technical issues we can provide you support. To ensure you are using the correct accounts I would advise reaching out to your accountant. If you don't have an accountant you are working with currently we have you covered. You can find one in your area by going to our find an accountant page.

 

Once your accountant let's you know which accounts to create we can help you with entering them into your QuickBooks Desktop account.

 

Have a great one!

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