# Record capital contribution in cash and bank

**URL:** <https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389>\
**Category:** Uncategorized\
**Created:** [March 15, 2020, 6:11am UTC](https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389 "2020-03-15T06:11:02Z")\
**Posts on this page:** 7\
**Page:** 1

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**Author:** ![pankaj.panjiyar](https://avatars.discourse-cdn.com/v4/letter/p/e99b99/32.png) [@pankaj.panjiyar](https://forum.manager.io/u/pankaj.panjiyar)\
**Post date:** [March 15, 2020, 6:11am UTC](https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389/1 "2020-03-15T06:11:02Z")

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Hi,

I’m new in using Manager. We have started business with 4 partner each contributing 50,000 (Partial in Bank deposit and partial in cash). I setup capital account for each partner. Now I want to make entry of capital contribution for each partner as it is infused in business. Please help me step by step to make record of this transaction.

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**Author:** ![cscs7in](https://avatars.discourse-cdn.com/v4/letter/c/e19adc/32.png) [@cscs7in](https://forum.manager.io/u/cscs7in)\
**Post date:** [March 15, 2020, 7:29am UTC](https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389/2 "2020-03-15T07:29:17Z")

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Debit Bank and Cash account for the respectve amount deposited and Credit the individual Partner Capital accounts.

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**Author:** ![Joe91](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/joe91/32/35781_2.png) [@Joe91](https://forum.manager.io/u/Joe91)\
**Post date:** [March 15, 2020, 7:58am UTC](https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389/3 "2020-03-15T07:58:42Z")

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Create a Receive in transaction in your bank account and post it to the capital account

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**Author:** ![pankaj.panjiyar](https://avatars.discourse-cdn.com/v4/letter/p/e99b99/32.png) [@pankaj.panjiyar](https://forum.manager.io/u/pankaj.panjiyar)\
**Post date:** [March 15, 2020, 9:55am UTC](https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389/4 "2020-03-15T09:55:29Z")

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Shall I use Journal Voucher to make this entry ? if possible please show one screen shot of same entry. I tried to make entry but then it is showing negative Equity

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**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:** [March 15, 2020, 1:06pm UTC](https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389/5 "2020-03-15T13:06:50Z")

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> [@pankaj.panjiyar](#):
>
> Shall I use Journal Voucher to make this entry ?

No. Journal entries cannot be used in Manager to record actual movement of money. You must use a receipt under the Receipts & Payments tab. Since part is to bank and part to cash, you will need two receipts for each partner. This Guide has an illustrated example: [https://www.manager.io/guides/7820](https://www.manager.io/guides/7820).

Manager’s process eliminates the need to determine which accounts to debit and credit. The program determines that from context.

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**Author:** ![pankaj.panjiyar](https://avatars.discourse-cdn.com/v4/letter/p/e99b99/32.png) [@pankaj.panjiyar](https://forum.manager.io/u/pankaj.panjiyar)\
**Post date:** [March 22, 2020, 9:37am UTC](https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389/6 "2020-03-22T09:37:05Z")

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Thanks. It worked

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**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, 2:56pm UTC](https://forum.manager.io/t/record-capital-contribution-in-cash-and-bank/27389/7 "2023-01-18T14:56:22Z")

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Closed on January 18, 2023, 2:56pm UTC