Paid in capital

Forum|Forum|3 years ago
June 15, 2023
2 replies
20 views

A journal entry was entered in QB for an owners initial investment deposit. The credit entry to Paid in Capital shows as a negative on the balance sheet report. Shouldn’t it show as a positive number?

Business

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Jim-from-Ohio

Intuit Community Champion

paid in capital is a positive number.. it has a credit balance. maybe the type of account was incorrecty set up.. I have seen so many upside accounts in QB anything could be going on. are you sure they credited paid in capital?

qbteachmt

Level 15

Is this a QB report or is this a ProSeries question?

If that is a QB report, you really need to identify the specific report and even the edition of QB in use, to know if that is a display issue or an entry problem. You didn't identify if that is an equity account, either. Lastly, you didn't identify what that JE looks like, or if they hit Opening Balance Equity in that entry.

You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting Lacerte, ProSeries, or ProConnect Tax Online products. Please visit the QuickBooks Help site for the answer to a QB question.

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Thanks.

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