Hi,
I was bit confused on how to show our owners investment. I created a capital account on his name, but don’t know how to record the transactions made by him. Can you please help me n this case?
@sherin, please do not send private messages with general questions like this. Your question was moved to the public forum so you can obtain help.
The short answer is to read the Guides about capital accounts and subaccounts:
https://www.manager.io/guides/8936
https://www.manager.io/guides/14397
The actual movement of your owner’s funds into and out of the business will be recorded with receipt and payment transactions. See Record a receipt | Manager and Record a payment | Manager, which include illustrations near the end for receiving money to a capital account or paying out funds.
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Thank you very much for the response.