Banking and reconciliation
Entering initial capital contributions
You can enter initial capital contributions or investments used to fund your business.
Step-by-step instructions
- Go to
Bank Accountson the left side menu. - Click on
Ledger Transactionon the bank account you'd like to receive the funds into. - On the transactions sheet in a new row, enter the following:
- The
Datethe funds were received. - A
Description, for example, "Investment by Mr. Ahmed S.". - The
Amountreceived. - Under
Classify to account, chooseOwner's Equity.
You can create your own Equity accounts
You can create other Equity accounts in your Chart of Accounts if you'd like finer control over the type of the investment.