Pacun Posted February 28, 2011 Report Posted February 28, 2011 I already entered the checking account beginning balance but I would like to enter owner's equity. How do I do that on Quickbooks? I have 2009's 1120 and a simple income statement printout from quickbooks from previous preparer, where do I get owner's equity from those forms. I have glanced at the 1120 and the quickbooks printout but I didn't see it. No one owes this company and the company only has one car that I can see was depreciated. Is that the reason why I didn't see owner's equity when I glanced? Quote
Lion EA Posted February 28, 2011 Report Posted February 28, 2011 On the Balance Sheet in QB or Form 1120 (Schedule L, I think). Should have bank account(s) and car, at least. Quote
ILLMAS Posted February 28, 2011 Report Posted February 28, 2011 I already entered the checking account beginning balance but I would like to enter owner's equity. How do I do that on Quickbooks? I have 2009's 1120 and a simple income statement printout from quickbooks from previous preparer, where do I get owner's equity from those forms. I have glanced at the 1120 and the quickbooks printout but I didn't see it. No one owes this company and the company only has one car that I can see was depreciated. Is that the reason why I didn't see owner's equity when I glanced? I just sent you a PM. Quote
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