How to allocate a single distribution to multiple equity accounts

Good morning, @Eswanson32. 

Thanks for taking the time to reach out to the QuickBooks Community. How are you doing today? I hope all is well. 

To allocate a single distribution to multiple equity accounts, you can use a Journal Entry as some of our users have in the past. 

To do this via Journal Entry you'll need to ensure you debit the expense account and credit each equity account with the correct share of the distribution. 

Here's how to create a Journal Entry:

1. Click on the +New button. 
2. Select Journal Entry.
3. On the first line, select an account from the Account field. Depending on if you need to debit or credit the account, enter the amount in the correct column.
4. On the next line, choose the other account you're moving money to or from. Depending on if you entered a debit or credit on the first line, enter the same amount in the opposite column.
5. Check the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other. This means the accounts are in balance.
6. Enter information in the memo section so you know why you made the journal entry.
7. Select Save and new or Save and close.

For more information about this process, check out Create a Journal Entry in QuickBooks Online.

Please know it's always best to consult with your accounting professional before making any changes to your books. If you don't have an accountant, don't sweat it. You can find one here in our Resource Center.

Please don't hesitate to let me know if there is anything else I can assist you with. Have a good one!