DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

Owner contributing inventory


#1

I would like to know how to allow the owner to contribute stock, as the items were not purchased but acquired through other means.


#2

If owner contributes inventory to business, you would need to debit Inventory on hand account and credit owner capital account.

You can record it as a journal entry, see example:

alternatively, you can also record contribution of inventory under Expense Claims tab.