We'll have to set up an equity account, thesalonhampshir.
I've got the steps on how to do it:
First, we'll have to set up an owner as a supplier. This helps us track what you or the co-owners contribute to your business. I'll show you how:
Afterward, let's set up an equity account:
Once done, you can now record the investment. If you've connected your bank into QuickBooks, you don't need to record the investment. You'll just have to categorize them.
If you've manually imported the transactions, we'll have to record a deposit into your equity account.
When you're ready to pay it back, you can check this article for the steps to record it. Record paying back an investment.
There you have it, thesalonhampshir. Feel free to reach out to me by replying to this post. I'll be happy to help you. Stay safe!
please could sombody advise on the accounting for this?somebody advise.
i have a real estates investment company,
my investors get a share in the property, than recieve a monthly propfit according to their procent.
i would likt to produce Querterly statemnts for my investors, including incom/Expencex/Profit and balance devidid according to thier initial investment
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