How to record for shareholder's capital / loan?
This article will guide you through the steps to record the capital you put into your business as a shareholder, or the money you are putting in or withdrawing from the business in the form of loan.
Recording an Increase in Shareholder's Capital / Loan
- Click on Transactions on the left.
- Click on +button then Deposit on bottom right.
- Select the bank account the money is going into with Deposit To.
- Review the Payment Method, Reference No & Date.
- Under Items, select the appropriate Shareholder's Loan or Shareholder's Capital under
- Put in an appropriate Description.
- Put in the amount and click Save & Approve.
Recording a Decrease in Shareholder's Capital / Loan
- Click on Transactions on the left.
- Click on + button then Withdrawal on bottom right.
- Select the bank account the money came from with Withdraw From.
- Review the Payment Method, Reference No & Date.
- Under Items, select the appropriate Shareholder's Loan or Shareholder's Capital under Account.
- Put in an appropriate Description.
- Put in the amount and click Save & Approve.
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