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Hi Allan,
Hope you are doing fine. There is only one question about security in QuickBooks.
If an owner of a company opens TD Waterhousing (For trade stock), which GL account should she select for it and how to set up this GL account?
Since he got profit and also loss, and also got dividend for her investment, which GL account does she need to create for them?
Your help is strongly appreciated.
Hi Vahid,
Purchases an sales of stocks, bonds and mutual funds should be posted to the Marketable Securities account (current asset). Dividends received should be posted to a Dividend Income account.