Journal entry for opening balances of GST and director's loan

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Kate_10173719
Kate_10173719 Member Posts: 4 ✭
edited September 2019 in Reckon One
Hi,
I'm using Reckon One. As we moved from another software to Reckon this year, there's a few opening balances I need to enter to reflect on Balance Sheet.

First is how do I do a journal for GST paid to ATO in regards to previous quarter before we start using Reckon.

Second is how do I journal for Direct's  Loan that lent to the company before we start using Reckon.

Can anyone let me know what is the debit side and what is the credit side I need to do on the journal please?

Thanks.
Kate

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