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 P&L. How do you record the transaction when distribution is in stock to get it out of the the stockhouse and on to the P&L as a distribution. if I simply remove the stock from the stockhouse, How do I get an offsetting entry on the P&L?
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Journal entry:
Dr. Employee compensation
Cr. Capital Account (Equity)
Really should be doing business acctg on QuickBooks, not Quicken.
Quicken is more for individuals