In an s-corp there are no owner equity accounts, you have shareholder capital and additional shareholder paid-in capital accounts.
Those capital accounts can not be used the same way equity accounts are used in a sole proprietor or partnership. In a corporation, as a working shareholder you are required to be […]
Resolution for 'capital accounts issue: 'Drawing from Retained Earnings of an S Corp' available: Yes.
The capital accounts 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 capital accounts issue yourself by looking for a resolution described in the article. If it is a complex capital accounts issue or you are unable to solve the issue, you may contact us by clicking here or by using other capital accounts support options.
For more information about resolving issues related to capital accounts in Quickbooks/QBO or to get support for the issue 'Drawing from Retained Earnings of an S Corp', click the link below: