I recommend you have the following for owner/partner equity accounts (one set for each partner if a partnership)
[name] Equity (do not post to this account it is a summing account)
>> Equity Drawing – you record value you take from the business here
>> Equity Investment – record value you put […]
Resolution for 'Correct Way issue: 'Correct Way To Enter Members Equity' available: Yes.
The Correct Way 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 Correct Way issue yourself by looking for a resolution described in the article. If it is a complex Correct Way issue or you are unable to solve the issue, you may contact us by clicking here or by using other Correct Way support options.
For more information about resolving issues related to Correct Way in Quickbooks/QBO or to get support for the issue 'Correct Way To Enter Members Equity', click the link below: