Correct handling of share capital into current account

Question asked by Duncan Stokes 3 years ago

Hi all,

Im new to clear books and currently inputting the first three months of my business bookeeping spreadsheet into clearbooks.

Its all going ok so far but I have a few loose ends!

The first transaction to explain in the current account is the deposit of share capital from myself. How do I explain this?

Initially I had assumed that I would create a payment from me as a customer, however as a customer I am linked to a Directors loan account (DLA001) and so clear books informs me that - "DLA001 is a bank account. Clear Books thinks that Share capital is not normally associated with a bank account. Please change the Account or To/From. To ignore this warning resubmit this form."

Is it as simple as creating myself as a second customer say called shareholder?

Thanks in advance Duncan

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Hi Duncan!

In this case, you can set yourself up as a shareholder under Tools > Dividends > Shareholders. Once you've added the shareholder, the system should create a contact, you can then explain the transaction to this contact and the share capital account.

Tommy

Best answer
3 years ago

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