Recording Partners Capital
When the partner brings in Capital to fund the business, it needs to be recorded in the software. This transaction needs to be journalised and recorded to give effect in the Balance sheet.
Now Let Me Show You How A Capital Is Recorded.
1.Go to Journal under account tab.
2.Add Journal Button.
3.Now add Description.
4.Then Select date.
5.You can add the details of the new ledger by clicking on the “+” button near the account field.
6.Select Equity group.
7.Then Add ledger name.
8.Now Click Create.
9.Select ledger (Partner Capital) and add amount under Credit column.
10.Select bank and add amount under Debit column.
11.Now Click Save.
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