How to account for owner's capital investment in the business
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Victor Appelboom
Member Posts: 3 ✭
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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Comments
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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
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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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