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Balance Reports for S corp Business
I understand how to generate a Balance sheet Report for a business however, I have two businesses on my Quicken Home, Business & Rental Property package. 1 is the Rental Property business and 2 Is the S-corporation for my husband. NJ requires a Balance Sheet for the S corp while the Federal does not. While I account for the business checking on the report and the major credit card that is utilized for the business(not exclusively). It doesn't seem to appear correct. The S corp is a Cash business. Is there some way to generate what a S corp Balance sheet should look like? The only thing that appears correct is the balance for the year end to the S corp checking account. I've tried a few times in past but would like to get this right? Thank you
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