Recording paid-up share capital

benben Member Posts: 3
edited September 2018 in Reckon One
I started my company with 100 shares, and I deposited $100 into the company bank account to buy these 100 shares.

How do I record this in Reckon One? (AU)

Comments

  • benben Member Posts: 3
    edited August 2018
    I tried posting the $100 to the Opening Balance Equity account, or should it be Equity?

  • Tanya BriggsTanya Briggs Member Posts: 63 ✭
    edited August 2018
    the proceeds of a share issue would usually be shown as a credit in the Equity area of the Chart of Accounts, in an account called something like "100 Issued shares @ $1".


  • benben Member Posts: 3
    edited August 2018
    Thanks, Tanya.
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