Banking and reconciliation
Entering initial capital contributions
You can enter initial capital contributions or investments used to fund your business.
- Go to
Bank transactionson the left side menu.
- Click on
Transactionson the bank account you'd like to receive the funds into.
- On the transactions sheet in a new row, enter the following:
Datethe funds were received.
Description, for example, "Investment by Mr. Ahmed S.".
Classify to account, choose
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.