How do you set up owner's equity accounts please

SMS70

Where/how do you set up owner's equity accounts?

Frankx

Hi @SMS70,

Because Quicken is a personal financial application, there is no "owner's equity" type of account, even within the Home & Business version.

That being said, and - under the assumption that you are running "Quicken Home and Business" version - you can simply setup a liability type account within the business accounts and call it "Owner's Equity". You'll need to make manual entries into that account to track the various transactions that affect owner's equity.

Hope this helps.

Frankx

Frankx

Hi @SMS70,

Because Quicken is a personal financial application, there is no "owner's equity" type of account, even within the Home & Business version.

That being said, and - under the assumption that you are running "Quicken Home and Business" version - you can simply setup a liability type account within the business accounts and call it "Owner's Equity". You'll need to make manual entries into that account to track the various transactions that affect owner's equity.

Hope this helps.

Frankx

SMS70

Thank you. Your answer was helpful.