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Old 03-23-2008, 09:21 AM
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Default Accounting incomes
Person-1 is part owner of business-A and also part owner of business-B. Her husband is also part owner of business-B. He also has a regular job that pays a standard wage. What is it best and legal way to account for these incomes?
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Old 03-24-2008, 04:49 PM
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Originally Posted by Abbey View Post
Person-1 is part owner of business-A and also part owner of business-B. Her husband is also part owner of business-B. He also has a regular job that pays a standard wage. What is it best and legal way to account for these incomes?
You should have equity accounts setup for each owner.
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