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March 22, 2023
Question

Shareholder Distributions on balance sheet

  • March 22, 2023
  • 1 reply
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I've just imported my data from QB.  My balance sheet has a value for shareholder distributions.  How do I find out where that comes from? The Equity total in TT does not match the total equity in QB.  I need helping reconciling that difference.

1 reply

March 22, 2023

it should have come from the QB import.  some amounts you assigned a tax code for them to be treated as a shareholder distribution. perhaps post to QB forum. also, identify the type of corporation S or C

March 22, 2023

When I run the balance sheet in QB and click on Shareholder Distributions, QB says it has NO transactions in that time period.  The time period selected in Last Fiscal Year.

March 22, 2023

The only payments made to the two shareholders (and only W2 employees) is salary and a single bonus.