Set up an equity account for each partner from QuickBooks chart of accounts. Select "New" in the chart's account button at the bottom left. In the new window, a drop-down menu for Type lists the ...

How to Record Equity in QuickBooks. When you set up QuickBooks initially, ... If you have any remaining funds from previous accounts, this money is deposited into the Open Balance Equity account.

Setting up your QuickBooks account correctly, however, can seem daunting. To make the process easier, here's a step-by-step guide to help you get started. QuickBooks ...

You can use the Undeposited Funds account with any type of payment: cash, check, ACH or credit card. If you use QuickBooks Payments to process your ACH and credit card transactions, though, there ...