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T
TolerancEJ
March 28, 2023
Question

Could I use Accounts Receivable as a Shareholder Register?

  • March 28, 2023
  • 1 reply
  • 0 views

I'm using QuickBooks Online - Essentials

 

I'd like to use AR as a Shareholder Register. I set up a customer Shareholders and each of them as sub-customers. I set up Service codes: Capital Contributions, Employee Contributions, DRIP Reinvestment, and Redemptions. I found a way to have the Contributions and DRIP show up in a focused AR report. How could I reflect shareholder Redemptions since AR doesn't allow negative totals? I want the Contribution and Redemption to appear under separate codes. Would the refund feature work, albeit the refund directed to a different service type/account code?

 

Any suggestions would be appreciated. Thank you!

1 reply

J
JamesM4
March 28, 2023

Hi TolerancEJ,

 

Thanks for connecting with us here in the Community. QuickBooks is an easy-to-navigate program that helps you to manage the accounting-side of  your rental properties with peace of mind. I'll be happy to share more info so you're on the right track with your work. 

 

In order to accurately record your transactions, I highly recommend consulting an accounting specialist for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Otherwise, feel free to ask questions in the comments below.

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