FYI, I think I figured it out. Using QuickCreateAccounting transaction, - do a debit on the Cash/Bank - do a credit on Owners equity
Same applies for loans also - do a debit on cash/bank - do a credit on 'loan from owner/stockholder' On Wed, Jul 7, 2010 at 10:53 AM, aswath satrasala < [email protected]> wrote: > Any pointers on this. > Thanks > -Aswath > > > On Tue, Jul 6, 2010 at 12:17 PM, aswath satrasala < > [email protected]> wrote: > >> Hi all, >> I have the following two customer requirements in the Accounting component >> - Adding the owner capital as of June 10 >> - Entering a cash loan as of June 10 >> >> Can we do the above using 'Quick Create Accounting transaction'. What >> would be the accounting transaction entries? >> >> Regards >> -Aswath >> > >
