QuickBooks Questions – How do I do this and that???

[Kelly Cruz]

Hello – I’m getting started with QuickBooks Pro. Many of my questions I find answered online, but there are some  I can’t find answered anywhere. I'd like to open a discussion about some of the questions I have and hopefully the answers would be helpful to others that come across this post.

Current issue I'm dealing with: There are three partners in our LLC. The profits are based upon each of our equity position at time of purchase. That can change per property depending on capital investment and draws by each partner. How do I show each partners equity position at any moment in time?

Also after I have entered a property sale into QB, what is the best way to record each partners profit for the sale?

Any input would be helpful…thank you!