How to set up a brokerage account in quickbooks

How to set up a brokerage account in quickbooks

Posted: Me_Me Date: 12.07.2017

You would create an asset account named for the investment, short term if you expect to cash in in a year or less, otherwise long term asset.

We are currently opening a new business, but investing funds from one of our other companies. Do I put this new business as a fixed asset on my quickbooks? Murs It depends on the tax entity types and the relationships. There are relationships where the new entity is "disregarded" and considered part of the parent.

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There are others where one entity type is not allowed to "own" the other and this is part of the same Company AND a new business. You will need some guidance from your own CPA for this. We do that with the style and format of our responses.

how to set up a brokerage account in quickbooks

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Recommended Answer 1 person found this helpful You would create an asset account named for the investment, short term if you expect to cash in in a year or less, otherwise long term asset on the check you write to make the investment, use that account in the account block.

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How to set up the Chart of Accounts in QBO for Real Estate Agents

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