Own money paid in....

Hi

What is the correct way to show money (personal) that I have paid into the business ? Im a sole trader

Posted by Adrian Beadell on Mar 18, 2011 8:55 AM GMT

Hi Adrian,

If this is the initial capital, record a General Transaction from the Owners Capital account to the Cheque Account. If you are putting money into an established business then record a General Transaction from 'Owners Drawings and Personal Use' to Cheque Account.

Regards,

Posted by Mark McLaren (Solar Accounts) on Mar 18, 2011 9:30 AM GMT