IN THE RED Definition

Bookmark and Share

IN THE RED means losing money; the opposite of "in the black."

Learn new Accounting Terms

WACC see Weighted Average Cost of Capital.

 

OPEN BALANCE EQUITY is an account that is automatically created by QuickBooks whenever a company is created.  It is an equity account similar to Retained Earnings or Owner Capital. The Open Balance Equity account is basically a "plug" account used by QuickBooks to balance a transaction (basic accounting debits=credits). QuickBooks will enter a balance in the Open Balance Equity account for two reasons: beginning account balances or forced adjustments.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.