Bills paid by partner, entered incorrectly.
One partner in LLC paid some bills out of personal account, both prior to and after a checking account was established. In setting up QB, I entered the bills through Enter Bills/Pay Bills and showed them coming from the checking account. That gave the checking account a negative balance. So, I entered an owner's equity investment into the checking account. It has now occurred to me that I won't be able to get the checkbook to balance. In looking at other answers to similar question, I've decided I should have shown it as a sub-account of the Owner's Equity Account,and paid the bills out of that account. But, can you show bills paid out of an equity account? If you can do that, how do I correct the entries already made? I'm not very far in, and would like to figure out how to correct it before I enter anything on the actual checking account. Very simple answers, please. I'm not an accountant and my computer knowledge isn't much better.
