Hello @oscortega:
@lynda and Matthew @ParkwayInc here to give you a live discussion on what an equity account is and it's meaning to the business owner as well as its relationship to the other balance sheet accounts.
We hope that helps clarify this mysterious category on the balance sheet. Basically, like Matthew stated, think of it as your "business scorecard". Equity accounts are the financial representation of the ownership of a business. We get into more detail in the video.
Have a wonderful, prosperous week! If you have any more questions, feel free to reach out to us. And if you liked our answer, we would love a cheer or kudo!
Matthew and Lynda
