On Sun, Mar 2, 2014 at 3:51 PM, Benedict White
<ledger...@ourhobbies.co.uk>wrote:
> Right, now I'm up an running on a test system, I have this company,
> started with £10 of share capital and a directors loan of say £1000.
>
> I am assuming that I enter the share capital via a GL transaction,
> (Journal entry) where I credit the relevant share account, and debit the
> bank account, because now they (the bank) owe the company money?
> I take it then I credit the directors loan account and debit the bank
> account as well, though this seems to make slightly less sense.
>
Yes. That is both correct (assuming your £1000 is a loan to the company
from the director, not the other way around). What doesn't make sense
about it?
Best Wishes,
Chris Travers
>
> Kind regards
>
> Benedict White
>
>
> ------------------------------------------------------------------------------
> Flow-based real-time traffic analytics software. Cisco certified tool.
> Monitor traffic, SLAs, QoS, Medianet, WAAS etc. with NetFlow Analyzer
> Customize your own dashboards, set traffic alerts and generate reports.
> Network behavioral analysis & security monitoring. All-in-one tool.
>
> http://pubads.g.doubleclick.net/gampad/clk?id=126839071&iu=/4140/ostg.clktrk
> _______________________________________________
> Ledger-smb-users mailing list
> Ledger-smb-users@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
>
--
Best Wishes,
Chris Travers
Efficito: Hosted Accounting and ERP. Robust and Flexible. No vendor
lock-in.
http://www.efficito.com/learn_more
------------------------------------------------------------------------------
Subversion Kills Productivity. Get off Subversion & Make the Move to Perforce.
With Perforce, you get hassle-free workflows. Merge that actually works.
Faster operations. Version large binaries. Built-in WAN optimization and the
freedom to use Git, Perforce or both. Make the move to Perforce.
http://pubads.g.doubleclick.net/gampad/clk?id=122218951&iu=/4140/ostg.clktrk
_______________________________________________
Ledger-smb-users mailing list
Ledger-smb-users@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
