News Office Field Order Support Contact Us

Re: Buy out partner

Search Discussion Boards
December 15, 2009 06:40PM
Dale,

There is a way to change the owner equity to 100% for you and zero the other partner percent to 0. However, since it is so close to Year End (assuming your books are on a Calendar and not fiscal year), it may be easier to create a new project.

If you want to keep the same project, here are the steps on changing Owner percentages:

1. Go to Accounting-Options-Owner Information.
2. Highlight the owner being bought out. At the bottom change the percent number to zero. Click the Update Owner button.
3. Then highlight yourself. Change the percent at bottom to 100. Click the Update Owner button.
4. Click OK.

Since this is a buyout, I am certain there will be some Journal Entries that will need to be made, probably some Asset Values that will change as well. That is when setting a new project may be easier.

Hope this makes sense!

Thanks,

Kathy Cline,
Farm Works Software
SubjectAuthorPosted

Buy out partner

DaleDecember 15, 2009 04:16PM

Re: Buy out partner

KathyClineDecember 15, 2009 06:40PM

Re: Buy out partner

DaleDecember 16, 2009 12:05PM

Re: Buy out partner

KathyClineDecember 16, 2009 03:15PM



Sorry, only registered users may post in this forum.

Click here to login

Privacy Statement | Terms of Use | Copyright 2009, Trimble Navigation Limited