Forum Message

Owners Capital

Hi,

I started my accounts with the addition of owners capital added to the opening balance. I now wish to add some more owners capital to the business but am not sure how to do this. Can you help please ?
Regards,
Steve


Posted by Steve Murnan on Jan 19, 2010 7:09 PM GMT

Hi Steve,

Assuming you have deposited the new funds into the bank account, record a General Transaction from the Owner's Capital account to your Cheque Account.

Cheers,


Posted by Mark McLaren (Solar Accounts) on Jan 20, 2010 9:22 AM GMT

Hi Mark,

Say my opening balance of was £2000 and this is shown as owners capital and I now want to invest an additional £1000 a month later ,how do record this additional amount as owners capital?


Posted by Steve Murnan on Apr 30, 2010 4:30 PM BST

Hi Steve,

Create a General Transaction from the Owners Capital account to the Cheque Account for £1,000.

Cheers,


Posted by Mark McLaren (Solar Accounts) on Apr 30, 2010 4:45 PM BST