• From: Pakistan
  • Registered: 12/20/2017
  • Posts: 1

Topic: Can i create partner account for his equity on expense and sale base?

I need to create partners account who is share holder in the company. He is equal in profit and loss after sale and expense calculation. So can i able to do it in FA?

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: Can i create partner account for his equity on expense and sale base?

Share Capital is what you are looking for. Profit/Loss distribution to the respective partners is like passing a shareholders dividend journal entry. Yes, FA fully supports partnership firms / partners accounting.

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