DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

How to Journalize an owner investment


#1

I want to do a debit in Cash and a Credit on Owner Investment


#2

Are you using Cash accounts tab? Then go into Cash accounts tab, select account into which you have received money and click Receive money button. This will allow you to debit cash and then select an account which you wish to credit.


#3

Depends on the legal organization of your company. If a corporation, you will need stock accounts. If a partnership or equivalent, you need capital accounts. If a sole owner/proprietor, you need an owner’s equity account. To some extent, your accountant and local laws may also influence how you organize your chart of accounts. But once you are set up, all you have to do is go to the account and click Receive Money. Enter the appropriate stock/capital/equity account.