QB Issue Resolution:
in the chart of accounts it would be the same type equity account as the partners capital account, just a different name, and of course the name of the partner, you would want one per partner
Interesting difference in accounting between India and the US. The interest aspect I have never heard of before. The company pays or charges interest on partner capital?
Resolution for Issue 'How to maintain partners current account in QuickBooks online?' available: Yes (Solved).
Source: Intuit Community forum.
How to maintain partners current account in QuickBooks online?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for capital account
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Error Recovery for capital account [Canada]
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