The ownership structure that you select in the New Company Setup Wizard determines how your equity accounts are created.
|
If you select: |
Sage Simply Accounting creates: |
|---|---|
|
Sole Proprietorship (one owner) |
owner's equity accounts for one owner |
|
Partnership (two or more owners) |
owner's equity accounts for two owners |
|
Incorporated Company (owned by shareholders) |
shareholder's equity accounts |