On Quicken 2005, how can I distribute stock to an employee from a pension plan. How to record the transaction?
Posted by Dolores
temtemtemtemtemtemtem asked:
I am running pension plan on quicken 2005. Cash distribution to an employee shows as a reduction in cash on the balance sheet in an expense called distribution on the PL. How do you record the transaction when distribution is in stock to get it out of the the stockhouse and on to the PL as a distribution. if I simply remove the stock from the stockhouse, How do I get an offsetting entry on the PL?
Kansieo.com
I am running pension plan on quicken 2005. Cash distribution to an employee shows as a reduction in cash on the balance sheet in an expense called distribution on the PL. How do you record the transaction when distribution is in stock to get it out of the the stockhouse and on to the PL as a distribution. if I simply remove the stock from the stockhouse, How do I get an offsetting entry on the PL?
Kansieo.com
April 13th, 2010 at 12:26 pm
pension
Journal entry:
Dr. Employee compensation
Cr. Capital Account (Equity)
Really should be doing business acctg on QuickBooks, not Quicken.
Quicken is more for individuals