Recording paid-up share capital
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ben_2966506
Member Posts: 3 ✭
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)
How do I record this in Reckon One? (AU)
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I tried posting the $100 to the Opening Balance Equity account, or should it be Equity?
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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".
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Thanks, Tanya.0
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