Hi @angelacctThis is very helpful. I have an LLC, 2 partners. We each have our Equity account divided like this:Partner1 Equity--Partner1 Equity - Contributions...
This is helpful. I have an LLC, 2 partners. We each have our Equity account divided like this:Partner1 Equity--Partner1 Equity - Contributions--Partner1 Equity ...
Thank you for the assistance. I do have one more question. To write a check for a partner distribution, do i have to create each partner also as a vendor? It se...
Thank you. I wanted to make sure that my structure was correct, separating out distributions and contributions under an equity account specific to each partner?
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:Partne...
