cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Welcome India customers to our Global Community, find the help you need and connect with other India QuickBooks users on our dedicated India Community pages.
Highlighted
Level 4

partner's equity vs partner's contribution accounts

Hi All,

 

Please guide that what is the difference between partner's equity and partner's contribution accounts. When partner's equity will be used and when partner's contribution account will be used. Will be better if reply with an example. 

 

Also guide reg use of community. I have already posted this question but wrongly in US-Community. Now  posting it again in Global Community. Further guide that how can I review my posts? Please share proper link and navigations by which I may follow up my posts.

 

Regards,

Abdul Rehman

3 Comments
Highlighted
QuickBooks Team

partner's equity vs partner's contribution accounts

Thanks for tagging your question to Global, Abdul Rehman. 

 

I can see that one of our top contributors, Rustler, has already discussed the difference between the partner's equity and partner's contribution accounts. Even though your other question was tagged to US, I believe the accounting principles of these account applies to all countries. However, it would still be best if you can reach out to an accountant in your place.

 

I would also like to stress out this is more of an accounting question than a How-do-I question. For topics like this, we usually advise users to reach out to an accountant.

 

About checking your questions, you can click your username or your picture. This will show you your profile, the questions you posted, and or the topics that you've participated in.

 

This is the URL of your profile: https://quickbooks.intuit.com/learn-support/user/viewprofilepage/user-id/517840. I just noticed, you've got wonderful kids on your profile picture!

 

If you have other questions about QuickBooks, please don't hesitate to go back to this thread.

Highlighted
Level 4

partner's equity vs partner's contribution accounts

Thanks Jesst,

 

I have replied on Rustler's response. But again my that post is on US Community - will his answer be applicable for me (using international version). If yes then I am pleased to  continue there. If you can review that post then you may answer here in this post as per my respective version of QBO (i.e. Intl version). Otherwise I will wait for input in this thread.

 

As, I am new, so please ignore my mistakes in communicating here. Once I get familiar, will participate in better way.

 

Regards,

Abdul Rehman.

Highlighted
QuickBooks Team

partner's equity vs partner's contribution accounts

Hello, Abdul Rehman.

 

I have already answered your question on another thread. Please let me know if you need more help.

 

Have a great day!