Initial Capital to Cash

1

I am new to this and I need help regarding these matters:

  1. How can I add the Capital to the Cash on hand?
  2. If adding a journal entry for capital will be on credit, what account should i use for the debit? cash on hand does not show up on the list.

Can anyone assist me?

2

  1. Read the Guide: Record a receipt | Manager. There is an example at the end that covers your situation.

  2. You cannot use journal entries for transactions moving money. Use a receipt as above. Such a transaction will credit the capital account and debit the bank or cash account. Of course, you must first set up the bank or cash account.

3

If your business is already running, have a look at
Starting Balances: Set start date | Enter starting balances