How to Use the Forum

[Tut]

@LTZhao

I can’t seem to start a thread in the Forum section,

On the main Forum page, near the upper right corner, there is a +New Topic button. (Meanwhile, I’ve moved your question to a new thread.)

@LTZhao

For a simple transaction, initial investment into a non for profit company, I thought the journal entry would simply be debit cash (A) and credit Member Capital (SE).

All transactions involving the movement of money must occur in the Cash Accounts tab. None can be entered with journal entries. Procedures for receiving capital contributions are described in this Guide:

Receiving money in cash account

Money deposited in your bank account should be recorded under Statement balance column. [image] When you click on the amount under Statement balance column, you can click Receive money button to record new transaction. [image] Every recorded transaction must be properly categorized. For example, if you have received 1,200 from customer for sales, you would record it like this: [image] If you have received from customer 1,250 but bank has charged 50 fee, you need to split the transaction us…