QB Issue Resolution:
Normally, Member’s Equity refers to initial as wells as additional money put in by the members to run the business. Whereas the net income (revenue minus expenses) refers to profit generated from operations of business which gets added back to equity (or distributed) as a separate line on the Balance Sheet.
Resolution for Issue 'What is the members equity and how is it different from net income?' available: Yes (Solved).
Source: Intuit Community forum.
What is the members equity and how is it different from net income?: 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.
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Error Recovery for members equity [Canada]
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