How to open up members equity

Hi there, @theolivetreehold. Let me guide you on how to open up members' equity in QuickBooks Online (QBO).

If the member has not been added to your QBO company, we can set them up as a supplier. This way, QuickBooks can keep track of the contributions made by you, your partners, or co-owners to your business. To proceed, here's how:

1. Log in to your QBO company.
2. Go to the Expenses tab and select Suppliers.
3. Click the New Supplier button.
4. Fill out the needed information for the member and select Save.

Let's create an equity account for this member after setting them up as a supplier. If you're the only owner, you'll only need to set up one equity account:

1. Go to the Settings and select Chart of Accounts.
2. Click on the New button.
3. Select the Equity account from the Account Type dropdown.
4. From the Detail Type dropdown, select the Partner's Equity.
5. Click Save and Close.

For more information, you can click this article: Add an owner or partner to your books in QuickBooks Online.

Moreover, you can check out this article to learn how to keep track of the investment: Record an owner's contribution or capital investment in your business.

I'll be here to lend a hand if you need additional assistance with opening members' equity or other QuickBooks-related queries. Keep safe.