How do I make adjustments to the ShareHolder Distribution account?

Hello there, @hhalbe.

Thanks for posting here in the Community. I can help share some information on how you can make adjustments to the ShareHolder Distribution account in QuickBooks Desktop.

If the account isn't reconciled yet, then you have the option to manually edit the transaction in the account. However, if it has been reconciled, you'll need to create a Journal Entry. Doing this will help you:

• Enter transactions in the traditional system of accounting using debits and credits in a general journal or ledger.
• Transfer amounts from one income or expense account to another.
• Transfer amounts from an asset, liability, or equity account to an income or expense account.
• Transfer amounts from one class to another.
• Enter miscellaneous transactions to complete year-end activities.

To guide you in creating a JE, please refer to this article: Record a journal entry.

On the other hand, to know what would be the right account to be used when creating the entry, It'd be best to consult your accountant for additional assistance. This is to ensure that your books will be recorded accurately. 

This should get you moving today.

I'm just a reply away if you have any other questions with creating an adjustment for the Share Holder Distribution in QuickBooks Desktop. Thanks for dropping by and have a lovely day!

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@hhalbe wrote:

How do I make adjustments to the Share Holder Distribution account? There are transactions in this account that should not be. I need the Share Holders balance to decrease and therefore need to show that the transactions have been moved.

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Shareholder distribution payable should be an equity or liability account.

Write the shareholder a check for his portion of the distribution and use that shareholder distribution payable account as the expense (reason) for the check.