Owner's equity
What the business is worth to you on paper: what you put in, minus what you took out, plus profit kept over the years.
In Solo Superstars
Manage contributions and draws under Accounting › Owner equity. The Balance sheet’s equity section shows the pieces; the year-end close folds the year’s draws into Owner’s Equity.
Example
Put in 20,000, took out 12,000, kept 15,000 of profit: equity 23,000.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- equity
- net worth
- capital
Related
- 3000 Owner's Equity — The owner's overall stake in a sole proprietorship or single-member LLC. Contributions, draws and retained earnings roll into it over time.
- Owner contribution — Money or assets you put into the business as the owner. Not revenue; it raises your equity.
- Owner draw — Money you take out of the business for yourself. Not an expense and not salary; it reduces equity.
- Retained earnings — Profit the business has kept over the years rather than paid out. Each year-end close moves net income here.
- Equity section — The bottom of the Balance sheet: what the owner has put in, taken out, and kept as retained earnings.