How to account for owner's capital investment in the business

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Victor Appelboom
Victor Appelboom Member Posts: 3 Novice Member Novice Member
edited October 2024 in Reckon One
If the business owner contributes capital funds to the business and you enter as a journal, how do I reconcile the manual bank upload transaction if the criteria for 'money coming in' has to be from a customer which the owner is not?

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  • John G
    John G Reckon Staff Posts: 1,527 Reckon Staff Reckon Staff
    edited February 2017
    Hi Victor,

    Welcome to the Reckon Community.

    Yes, bank transactions entered as Journals cause a problem when matching to an import of your bank statement.  Our product developers are looking at the issue.  

    I'm sorry for the inconvenience this is causing you.

    The workaround is to enter the transaction as Money In and use a dummy Customer Contact for the purpose - call it Owner for instance.  

    Make sure the transaction is a cash transaction so that there is no impact on Accounts Receivable.  


    regards,
    John

  • Scott_6428906
    Scott_6428906 Reckon Staff Posts: 46 Reckon Staff Reckon Staff
    edited July 2019
    Hi guys,

    Just an update to this thread. This issue John mentioned...

    "Yes, bank transactions entered as Journals cause a problem when matching to an import of your bank statement.  Our product developers are looking at the issue." 

    This issue has been since been fixed.


    Regards,
    Scott.
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