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I want to setup capital account with 3 partners
what is the "Internal Type" and "Account Type" for Capital?
what is the "Internal Type" and "Account Type" for Partners?
I installed UK Accounting
You have to create direct Journal Entries to setup Capital and Partners shares.
Internal Type of Capital account is Regular, Account Type Liability.
Internal Type for Partner (not for Customers and Suppliers) Account is Regular and Account Type Equity. (Account to keep individual business share / investments.)
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|Asked: 5/3/13, 11:54 AM|
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|Last updated: 10/16/16, 7:18 PM|