tracyagardner
Level 2

Other questions

Hello. I am trying to follow this thread for setting up Partner equity in charts of accounts. I have an LLC, 2 partner, 50/50. I have the following setup:

 

Partner's Equity (roll-up)

-->Partner1 Equity (roll-up)

---->Partner1 Contributions

---->Partner1 Distributions

-->Partner2 Equity (roll-up)

---->Partner2 Contributions

---->Partner2 Distributions

 

Is this correct?