Question asked by Joanna Zurawska 11 years ago
I am having loan received at the beginning of the business but I don't know how to record it. Also I received gift from my bank when I changed my bank accounts. How should I record them? Many thanks.
Hi Joanna,
You will have to create a loan account and then transfer from your loan account to the required bank account. Also to record the received gift, you will have to create a money in transaction by heading to 'Money > Manage money'. However, it would be best to consult your accountant to help you decide what account code to create for this transaction.
I hope this helps.
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Accounting 
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