Pacun Posted February 28, 2011 Report Share 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 Link to comment Share on other sites More sharing options...
Lion EA Posted February 28, 2011 Report Share 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 Link to comment Share on other sites More sharing options...
ILLMAS Posted February 28, 2011 Report Share 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 Link to comment Share on other sites More sharing options...
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