Banking and reconciliation

Entering initial capital contributions

You can enter initial capital contributions or investments used to fund your business.

Step-by-step instructions

  1. Go to Bank transactions on the left side menu.
  2. Click on Transactions on the bank account you'd like to receive the funds into.
  3. On the transactions sheet in a new row, enter the following:
  • The Date the funds were received.
  • A Description, for example, "Investment by Mr. Ahmed S.".
  • The Amount received.
  • Under Classify to account, choose Owner's Equity.

You can create your own Equity accounts

You can create other Equity accounts in your Chart of Accounts if you're like finer control over the type of the investment.