You can create a journal entry to record shareholders' payment, Ziad.
To record a payment made by a shareholder. You'll first need to set up a shareholder equity account. Once done, you can record the transaction using Journal Entry. Here's how:
- Click +New, then select Journal entry.
- In the Account field, choose the equity account and enter the amount in the credit section.
- For the next line, select accounts payable and enter the amount in the debit section.
- Choose the name of the vendor in the Name section.
- Click Save and close.
On top of that, I recommend consulting with your accountant to ensure the transaction is recorded accurately and the appropriate account is selected based on your business's specific financial setup.
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