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Paid in capital
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Rufus5406
Level 1
06-15-2023
11:11 AM
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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?
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Jim-from-Ohio
Level 11
06-15-2023
11:31 AM
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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
06-16-2023
11:33 AM
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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.
Your sign in user info here is the same one you can use over at the QuickBooks forum.
Thanks.
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