Let me provide to you information about this, info-permodoro-c.
In QuickBooks Online, owners typically own stock in the company. While partners, contribute money and other assets without sharing in the profit and loss. You can set up owners or partners as a supplier. to track what they can contribute to your business.
Here's how:
- Go to the Expenses menu and then select Suppliers.
- Select New Supplier.
- Fill out the form and click Save.
Once done, you'll have to set up their equity account. This lets them track their investment. Please refer to this article on how to add an account: Add An Owner And Partner To Your Books.
