Finance

Have finance questions? Ask a financial expert online.

Connect one-on-one with {0} who will answer your question

Related Finance Questions
What are the journal entries for a new partner buying out
What are the journal entries for a new partner buying out 65% of the old partners with capital balance of 300,000, and adjusted real estate balance of 400,000 for 1,400,000? … read more
PDtax
PDtax
Owner
Master's Degree
4,710 satisfied customers
We started a new QuickBooks database for 2018 because the
We started a new QuickBooks database for 2018 because the old database was such a mess. We have a lot of client advance expenses that we need to put into the new database. If I do a journal entry to a… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,180 satisfied customers
I have a manufacturing company that produces bricks. I took
I have a manufacturing company that produces bricks. I took out a loan using the equipment as collateral to buy out my partners. We were using Navision software and now want to switch to QB premier. I… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
Last year (2013) our firm (US based C Corp) opened a Ltd in
Last year (2013) our firm (US based C Corp) opened a Ltd in the UK as a wholly owned subsidiary. Both firms use QuickBooks to maintain their accounts in their functional currency and the group consoli… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
We have a partnership. We have not distributed all retained
We have a partnership. We have not distributed all retained earnings but need to allocate undistributed earnings to partners (at the discretion of managing partner). How do we record the allocation of… read more
PDtax
PDtax
Owner
Master's Degree
4,710 satisfied customers
I am trying to match QB Balance Sheet with tax return for a
I am trying to match QB Balance Sheet with tax return for a partnership. The client's BS has all income (1065 and K-1) combined. However, does it all go on the Sch L or is the Sch K-1 info moved to eq… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
Hello .. I am the new Bookkeeper and the last thing my predecessor
Hello .. I am the new Bookkeeper and the last thing my predecessor told me is that my Balance Sheet Balance should match my P&L Balance and it doesn't. How do I find out the entry error I made? I am u… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I need help allocating partnership distribution....there are
I need help allocating partnership distribution....there are three partnership (split equally). Equity -67,429.26 Owner 1 Distributions -2600.00 Owner 1 Capital 14,199.21 Owner 2 Distributions -2600.0… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,249 satisfied customers
how do i set up equity ownership in quickbooks when not all
how do i set up equity ownership in quickbooks when not all partners contributed capital for ownership?… read more
PDtax
PDtax
Owner
Master's Degree
4,710 satisfied customers
I would like to close a partnership and open a company in my
I would like to close a partnership and open a company in my accounting system, what journal entries do I need to process to transfer the balances. There was no cash transaction as the same owners are… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,614 satisfied customers
I recently purchased 66% of an S-corp from someone who was
I recently purchased 66% of an S-corp from someone who was retiring. In quickbooks for the company it shows contributed capital of $176,000 from that owner who just retired. It is being shown as equit… read more
WebCPA
WebCPA
Manager
Bachelor's Degree
105 satisfied customers
I am still having problems, how to I get the -55k off the equity
I am still having problems, how to I get the -55k off the equity of the books of the parntership… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I do the books for an LLC partnership. They want to put some
I do the books for an LLC partnership. They want to put some of their profits into an account to save to purchase the building they are currently renting. How do I allocate this money in QuickBooks an… read more
R. Klein, EA
R. Klein, EA
Accountant
Master's Degree
490 satisfied customers
I currenting have a business set up in quickbooks as a C
I currenting have a business set up in quickbooks as a "C" Corp, however that was done in error. It is a partnership and should be set-up as such. There are however transactions that of course have be… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
Financial advisor/Tax preparer
Bachelor's Degree
245 satisfied customers
1) I need to do a multiple-step income statement that lists
1) I need to do a multiple-step income statement that lists the company's net sales, cost of goods sold, & gross profits, also the componets and amounts of selling expenses & general & administrative … read more
Haseeb
Haseeb
Cost and Management Accountant
46 satisfied customers
How do I do a distribution of Net Income to the partner capital
How do I do a distribution of Net Income to the partner capital accounts in Quickbooks ? Thanks !… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
1. On June 1, 2008, Logsdon Corp. issued $1,500,000, 8%, 5-year
1. On June 1, 2008, Logsdon Corp. issued $1,500,000, 8%, 5-year bonds at face value. The bonds were dated June 1, 2008, and pay interest semiannually on June 1 and December 1. Financial statements are… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,975 satisfied customers
Trying to figure out my 1065 business taxes and Quickbooks
Trying to figure out my 1065 business taxes and Quickbooks Pro. For some reason, my owner's capital accounts (equity) aren't totaling up correctly on the page 4 balance sheet (end of year part, auto-g… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,614 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,224 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,975 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

R. Klein, EA

R. Klein, EA

Accountant

490 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dave CPA

Dave CPA

Accountant

231 satisfied customers

I'm a CPA with over 10 years of experience

ConceptsCoach

ConceptsCoach

Certified Public Accountant (CPA)

171 satisfied customers

Chartered Accountant and MBA

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x