Setting up Company Accounts

Nick Winton's Avatar

Nick Winton

09 Aug, 2016 01:25 PM

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

  1. 1 Posted by Tom Freeman on 09 Aug, 2016 06:45 PM

    Tom Freeman's Avatar

    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. 2 Posted by Nick Winton on 09 Aug, 2016 09:54 PM

    Nick Winton's Avatar

    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

  3. System closed this discussion on 08 Nov, 2016 10:00 PM.

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