Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
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.