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May 24, 2020
Question

I will like to input my capital equity at the start of the account. How do I do this so it is reflected in my balance sheet? Thank you.

  • May 24, 2020
  • 1 reply
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1 reply

Rose-A
May 24, 2020

Good day, sladi.

 

I'd be glad to help you input your capital equity so it will reflect on your balance sheet report. Let's get started.

 

You can create an equity account and enter the capital from there. Below are the steps to complete the process.

 

  1. Click Accounting in the left panel and choose Chart of Accounts.
  2. Select New to create a new account.
  3. In the Account Type ▼ drop-down menu choose an account type.
  4. In the Detail Type ▼ drop-down, select the detail type that best fits types of transactions you want to track. Learn more about detail types.
  5. Give your new account a name. You can use the info under the detail type to add a name that fits then add a description.
  6. If you’re adding a sub-account, select Is sub-account and then enter the parent account. If you need help, learn more about parent accounts and subaccounts.
  7. Choose when you want to start tracking your finances. In the Unpaid Balance field, enter the amount in the account, and determine the as of date. Enter today's date if you want to start tracking immediately.
  8. When you're done, select Save and Close.

The following is a brief video to serve as a visual reference:

 

 

Additionally, I'm including articles that to help you managing your accounts in QuickBooks:

 

Manage default and special accounts in your chart of accounts

Use account numbers in your chart of accounts

 

Feel free to drop me a reply below if you have any other concerns. I'd be happy to help.