Equity In QuickBooks Online Explained

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Index

00:29 Start of the video

00:45 What is the value of your business?

02:15 Standard accounts of equity

03:10 Creating new chart of accounts and subaccounts

06:40 Importance of consistency

08:30 Creating an invoice

08:50 Running and analyzing a profit and loss report

09:12 Running and analyzing the balance sheet

14:49 Crossing over to next year, analyze balance sheet on the new retained earnings

10:57 Demonstrating journal entry on retained earning and distributing to owners capital accounts

12:07 Showing 10:57 on the balance sheet with 0 retained earnings

12:30 Can you also take a distribution from retained earnings?


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