How do you set up owner's equity accounts please

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

Best Answer

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    Answer ✓
    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

                            Quicken Home, Business & Rental Property - Windows 10-Home Version

                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

Answers

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    Answer ✓
    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

                            Quicken Home, Business & Rental Property - Windows 10-Home Version

                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

  • SMS70
    SMS70 Member ✭✭
    Thank you. Your answer was helpful.