Equity Accounts definition

[Vistaro]

Perhaps a stupid question, how are you defining equity accounts? Is there perhaps an article I can’t find that defines the different account types?

Thanks

[QFBeth]

Hi @Vistaro,

I found this post which may help you? Equity Accounts

[Vistaro]

Thanks, yes I saw that but it doesn’t really answer the question UNLESS in reality theses accounts are simply accounts that you can add transactions to, there seems to be no special treatment of them in reporting terms

[Paul_Courtier]

There is no special treatment. They are just used as any other type of bank account. But it’s generally used for example as Ian said in the linked post to keep a record of directors personal expenditure of business related expenses.

So rather than posting directly to the DLA you would post it to that account as a transfer and then tag to the DLA. As an example.

[Vistaro]

Understood, thanks for the reply