Hey guys, just doing a little housekeeping on my account today. Looking at the balance sheet it shows the Bank Account as an asset being (€684). Clicking on it and scrolling through I see that I never accounted for a €10,000 lodgement that we made into the business bank account when we opened it in 2015. So the bank account shows a negative when in fact the balance in the bank account is nearly 10k. I want to fix this so that my equity is more correct. Do I create a Manual Journal Entry, and if so what other account do I balance the bank account against? Thanking you in advance…
You’re best asking your accountant for advice on that. We could undo something that’s being done. We’re not accountants and cant’ really advice in that area.
Sorry about that – thanks
If you’re not sure what to do then don’t do it. Those accounts have logic behind the.
If you’re giving the company money from your personal savings, just issue a director’s loan.