Recording of Share Capital

11

@Davide I figured it out how to solve my issue,

  1. create Equity Account (Ordinary Share Capital) with Control account map to Capital Account in COA.

  2. then Create two same name with distinguished label, in my case Mr.Bossku(Director) who are directly managing the company, and the Mr.Bossku(Ordinary Shares) This is to distinguish the record for operation and stakeholder matter.

  3. Map Mr.Bossku(Ordinary Shares) to User-Defined Equity Control Account, My case is Ordinary Share Capital within Capital Account Tab.

  4. It may have the same name with other shareholders, all I have to do append national identity card number or passport number. So you have 2 Equity Account. The system account “Capital Account” and user-defined account (Ordinary Share Capital).

  5. I view Mrbossku(Director) are relevant in Capital Account Summary as he is directly communicate with shareholders. Plus at some scenario (starter up) the Director usually inject their fund either as loan or buffer cash since he/she may want the money back without interest (not as capital) after the company created their accounts in banks.

  6. I rename Capital Account Summary as ‘Stakeholders Summary’ since director commonly are included as stakeholders.