I have downloaded the offline software and I am very confused on how to record these entry as stated above.
And as a small business owner I could not afford accountant yet, so I apologise in advance for a very stupid question for some.
I have a couple of people already injecting money to the company and I want to record that here. What is the easiest way to execute this? I have tried to follow some recommendation from other topics:
- created the capital account.
- using “receipt and payment” tab > receipt > bank account > status cleared > capital account > funds contributed > amount > update.
shown as follow
my confusion is when I go to the capital account page, it shows that the account registered that same amount as “Amount to Pay” while they actually already transferred the fund.
any help will be hugely appreciated!