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Updated about 9 years ago,
Help with setting up Quickbooks
My husband and I just stated an S Corp company to flip real estate. I am new to the business side and was told to buy Quickbooks for my Mac. I have no back ground in this and so far my accountant is no help (looking into possibly getting a new one). I already have a million questions but my very first one is about my beginning balance. Our first deposit came from the previous owners who paid the taxes for this coming year thats due. Other than that I did not put any money of my own in the account yet. What do I put that money in as? The next deposits come from our construction loans for the house. I make a purchase or pay our subs and our banker direct deposits the amount for each purchase. I also am not sure how that is classed. I know these may seems super easy to some but I literally have no background in this and have no clue how to set up accounting. I appreciate the help. Should I hire an expert to teach me this stuff?
Thanks