Would like to ask, if my bank account has no enough money and i bank in my personal money to the bank account, may i know how to key in to the manager system?
Do you intend for the Money to stay in the business or be repaid at a later date?
If you are a sole trader and plan on leaving the money in the business then Receive Money and the account allocation would be to a BS Equity account - Capital, Owners Contribution etc.
If you are a company or a sole trader who is only loaning the money then Receive Money and the account allocation would be to a BS Liabilities account - Owners Loan, Shareholders Loan, Bridging Finance etc
so i need go to create what account? can instruct further? TQVM.
BS Equity Account means?
You didn’t say if you were leaving or lending the money. If a sole trader and leaving the money then:
If a company or sole trader and being repaid then: