I have been reading financial reports for years, but not creating them! Also, never for a trading company (only voluntary organisations). I am now using this software for a new company I am setting up, and have a small number of shares that have been created for the company.
In the Chart of Accounts, I created an Equity account called Share Capital and then used Receive Money in the Bank section to bring the share capital into the company.
I have also enabled the Capital Accounts and set up my family trust as a member (it owns the shares). What I can’t see is any way to link the ownership of the shares to my family trust member. Is it assumed that the only member will own all the shares? How would I add new shareholdings to any new members that might be created in the future?
Thanks in anticpation.