RogelioL
Moderator

Banking

Let's ensure to track the paid-up capital and shareholder balances in QuickBooks Online, Kyneth.

 

Based on the information you've provided, we'll need to make a Journal Entry to offset the cost of sales and expenses made within the company. 

 

You can check out these articles for reference on how to record it: 

 

Please note that accurate record-keeping is essential for compliance with external reporting standards (IFRS and IAS). For further assistance, I suggest contacting your accountant to record these accurately. 

 

Feel free to ask if you have any further questions about tracking the additional capital or any QuickBooks-related concerns. Keep safe.