Question

how to create equity statement

Forum|Forum|5 years ago
October 9, 2020
2 replies
9 views

I don't know what an equity statement but I have been asked to create on using quickbooks desktop.

Can someone help me?

QuickBooks Desktop

J

JamesM

Level 5

Hi dquick,

An Equity Statement is a also known as a statement of Owner's Equity. I'll be happy to share more information so you can get ahead with your work.

QuickBooks Desktop is a powerful program which offers a variety of reports that provide helpful information. Based on what you've described, I recommend using the Balance Sheet as Equity accounts show on your Balance Sheet. The Balance Sheet can be found on your Reports Center. The second method I recommend is going through your Chart of Accounts > Owner's Equity > Quick report.

Give this a try and if you have questions, feel free to reach out by leaving a comment below, I'll be happy to assist.

A

Anonymous

Hello,
I do not think balance sheet can describe the equity statement with correct format.

T

Trish_T

QuickBooks Team

Hi mrchantha,

Thanks for joining us here. In addition to the valuable information provided above, QuickBooks Desktop provides two ways to get the Owners Equity report. The other option is to go to the Chart of Accounts > right click on Owner's Equity and select > QuickReport. Here's a helpful guide with the available reports in QuickBooks Desktop.

If you require additional assistance, please don't hesitate to contact us. It would be our pleasure to work with you directly and ensure you're able to accomplish your QuickBooks goals as soon as possible.

If you have any other questions, please feel free to reach back out. We'd be happy to help!

J

JamesM

Level 5

Hi dquick,

An Equity Statement is a also known as a statement of Owner's Equity. I'll be happy to share more information so you can get ahead with your work.

QuickBooks Desktop is a powerful program which offers a variety of reports that provide helpful information. Based on what you've described, I recommend using the Balance Sheet as Equity accounts show on your Balance Sheet. The Balance Sheet can be found on your Reports Center. The second method I recommend is going through your Chart of Accounts > Owner's Equity > Quick report.

Give this a try and if you have questions, feel free to reach out by leaving a comment below, I'll be happy to assist.

D

dquickAuthor

Hey thanks for the reply.

Well I looked for "owner's equity" but I don't see that account in the account list. I assumed it was something I have to create on my own.

btw I have quickbooks pro 2020.

J

JamesM

Level 5

Glad to hear back from you. I want to make sure we're on the same page, was this your accountant that recommended you get an Equity Statement? Were you given any other details on what the statement needs include?

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