Setting up Company Accounts
I understand there is no "Balance Sheet" in Moneydance.
Do you have an example structure for a limited company that I can use as an example for the following balance sheet items:
Owners Equity
Retained Profit carried forward
Thank you
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1 Posted by Tom Freeman on 09 Aug, 2016 06:45 PM
Moneydance is designed to be a personal finance software and has some limitations when trying to use it as a business software.
That being said, the net worth should equal Owners Equity. An income and expense report edited to show "all date" should give a the retained profit/loss number.
Tom Freeman
Infinite Kind Support
2 Posted by Nick Winton on 09 Aug, 2016 09:54 PM
Thank you Tom
Money dance does VAT accounting/GST but not creditors/debtors or owners equity/retained earnings.
I guess I'll find a workaround.
Thanks
Nick
System closed this discussion on 08 Nov, 2016 10:00 PM.