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Thread: S Corp Owner Equity Accounts Question

  1. #1

    Default S Corp Owner Equity Accounts Question

    Hello everyone:

    Question: Should an S-corp have equity accounts for each individual owner or no?

    Reason I'm asking is because I seem to be getting different answers. What do you think?

    This source says no:

    This source says yes:

    Hence the question. Which is correct? Does it matter? What are you doing?

    Thanks in advance for your time and reply

  2. #2


    I am not an accountant, so I do not know what I am talking about.

    I have a Type C and Type S corp neither currently use equity accounts. To me they are a good idea, but again we do not use them. Best I can tell, if you are paying estimated taxes, then it doesn't matter.


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