Forum Message

Funds when opening bank account

Hello,

I've opened a business bank account and had to deposit 30£ in my business account. How do I put this in Solar account ?

Best regards


Posted by Rémi on Mar 29, 2012 1:43 PM BST

Hi Rémi,

If you are self-employed (ie. the business is not a limited company) then record a General Transaction from the Owners Equity account to the Cheque Account.

Regards,


Posted by Mark McLaren (Solar Accounts) on Mar 29, 2012 1:46 PM BST

Thanks but I'm a limited company.


Posted by on Mar 29, 2012 1:47 PM BST

In that case if you are a director create a General Transaction from the Directors Loan Account to the Cheque Account.

Cheers,


Posted by Mark McLaren (Solar Accounts) on Mar 29, 2012 1:50 PM BST

Does this mean my company own me 30£ ?


Posted by on Mar 29, 2012 1:54 PM BST

Yes


Posted by Mark McLaren (Solar Accounts) on Mar 29, 2012 1:57 PM BST