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    rypeters's Avatar
    rypeters Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 2, 2009, 11:06 AM
    Allocation of shares for first fiscal year of business
    Hi,

    My question is concerning the allocation of shares in my quickbooks bookeeping for financial reporting of our first fical year.

    I would like to show the allocation of shares for the two stakeholders, myself and my partner.

    How do I do this other then paying an accountant and lawyer a lot of money ?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 4, 2009, 01:40 AM

    Are you asking how it's done from an accounting standpoint, or from a Quickbooks standpoint?

    It would also be nice to have more information than that. You've said "shares," but shares are stock. Are you incorporated, or are you a partnership? And that's also implying your initial investment, which would be recorded just exactly how you invested it. i.e. there isn't anything to "allocate" - you record exactly what you invested.

    Or are you trying to allocate the net income/loss for the year? That would seem a more meaningful use of the term "allocate."

    I'm just a bit confused over exactly what it is you are trying to do. Numbers would help, and you can just make up fake ones if you like.
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