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On Quicken 2005, How Can I Distribute Stock To An Employee From A Pension Plan. How To Record The Transaction?

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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Comments

One Response to “On Quicken 2005, how can I distribute stock to an employee from a pension plan. How to record the transaction?”

  1. jwishz says:
    December 19, 2009 at 8:43 pm

    Journal entry:

    Dr. Employee compensation
    Cr. Capital Account (Equity)

    Really should be doing business acctg on QuickBooks, not Quicken.
    Quicken is more for individuals

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