# Initial Capital Journal Entry **URL:** \ **Category:** Uncategorized\ **Created:** [May 18, 2015, 5:24am UTC](https://forum.manager.io/t/initial-capital-journal-entry/2893 "2015-05-18T05:24:16Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![SamHayes](https://avatars.discourse-cdn.com/v4/letter/s/bb73d2/32.png) [@SamHayes](https://forum.manager.io/u/SamHayes)\ **Post date:** [May 18, 2015, 5:24am UTC](https://forum.manager.io/t/initial-capital-journal-entry/2893/1 "2015-05-18T05:24:16Z")
What is the correct journal entry for partnership accounting in Manager? I am aware usually it would be: Cash at Bank ~ Capital A ~ (Beginning Capital) How would it be done in the manager system? Thank you! ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [May 18, 2015, 12:24pm UTC](https://forum.manager.io/t/initial-capital-journal-entry/2893/2 "2015-05-18T12:24:54Z")
First, you must create capital accounts for all the partners. See the Guide at [Guides | Manager](http://www.manager.io/guides/capital-accounts). Next, Receive Money in whichever account the contributed capital goes into. Do this under the `Bank Accounts` tab. Presently, you cannot receive or spend money via a journal entry. Assign the receipt to `Capital accounts` and the appropriate partner’s subaccount. This is the equivalent of debiting the receiving bank account and crediting the partner’s capital account. ---
**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\ **Post date:** [January 18, 2023, 3:37pm UTC](https://forum.manager.io/t/initial-capital-journal-entry/2893/3 "2023-01-18T15:37:57Z")
Closed on January 18, 2023, 3:37pm UTC