Here is an explanation of how to record the capital of each partner and the ratio of partners and shareholders using the Easy Entries feature in the system.
Answer:
- Go to Accounting, then Easy Entries.
- Click on Create New Easy Entry and select Add Capital.
- Fill in the following information:
- Owner’s Capital Account: The capital account that increased.
- Type: The nature of the capital added (cash or non-current assets such as land).
- Added Value: The value of the capital added.
- Date: The date of addition.
- Description: Details of the transaction.
- Attachments: Supporting documents.
- Click Continue to save the transaction.
- Repeat the process for each partner according to their contribution ratio.
Additional Notes:
- Ensure the accuracy of the accounts linked to capital and add a specific account for each partner in equity, such as Partner Ahmed’s account.
- You can review the financial transactions later through the reports.
