How to record for shareholder's capital / loan?

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

1. Click on Transactions on the left.
2. Click on +button then Deposit on bottom right.

   

3. Select the bank account the money is going into with Deposit To.
4. Review the Payment Method, Reference No & Date.
5. Under Items, select the appropriate Shareholder's Loan or Shareholder's Capital under 
6. Put in an appropriate Description.
7. Put in the amount and click Save & Approve.

Recording a Decrease in Shareholder's Capital / Loan

1. Click on Transactions on the left.
2. Click on + button then Withdrawal on bottom right.

   

3. Select the bank account the money came from with Withdraw From.
4. Review the Payment Method, Reference No & Date.
5. Under Items, select the appropriate Shareholder's Loan or Shareholder's Capital under Account.
6. Put in an appropriate Description.
7. Put in the amount and click Save & Approve.