I purchased 5% of another business and need to understand how to post this transaction in QuickBooks. Can anyone provide advice please?
Solved! Go to Solution.
In the chart of accounts create a new asset account named for the company you purchased
then enter the purchase transaction and use that new asset account as the expense (reason) for the payment
View solution in original post
Rustler, you are a fantastic source on this site. Thank you so much
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead. For more information visit our Security Center or to report suspicious websites you can contact us here
