How Do I Record Unpaid Shares?

Question asked by Wayne 11 years ago

A new LTD Company is issued with 100 shares at £1.00 Each. This is a NEW Company. How do I go about recording this information into Clear Books. I have read somewhere that you use a Journal (I DONT KNOW WHAT A JOURNAL IS).

Can someone please give me step-by-step instructions on how to do this in Clear Books please.

Many Thanks

Accounting Accounting
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Hi Wayne,

You can enter this as an opening balance in Settings > Getting Started > Other Balances. You will then need to enter the amount in Share Capital (although do confirm this with your accountant)

Journals can be found in Tools > Journals > Create. You will need to enter in the accounting date and description. You will then need to choose the relevant account codes (which you will also need to confirm with your accountant) to make an adjustment.

Kind regards,

Berhan

Best answer
11 years ago

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