There was a common stock purchase agreement signed by employee A. They provided the treasurer a check for ($0.10) the shares, as stated in the agreement. For this example let's say it was $0.10 for 100 shares. I'm confused how I record this in QBO? Thank you.
You need excel.
QB does not do company stock for c- or s-corporations. Those are the only organizations that have stock, and QB does not track it at all. And to sell stock to someone, there has to be some available in what is called the treasury stock account.
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