Question

Can someone assist in setting up capital accounts for myself and 3 other partners. We each contributed money to open our bank account. How do we record in QB?

Forum|Forum|4 years ago
December 2, 2021
1 reply
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We have already imported our bank account in QB when we opened the subscription. So all transactions (expenses) have been uploaded including our initial deposit from each of us. We are an LLC.

QuickBooks Online

KimMcCPA

Did a quick search... it appears that @john-pero has answered a similar question, link below! You'll want to run it by your LLC's accounting professional.

https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/for-llc-should-i-set-up-three-different-capital-accounts-under/00/187882

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