Accounting - Adding owner capital

[aswath narayana]

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

[aswath narayana]

Any pointers on this.
Thanks
-Aswath

On Tue, Jul 6, 2010 at 12:17 PM, aswath satrasala <
[hidden email]> 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
>

[aswath narayana]

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 <
[hidden email]> wrote:

> Any pointers on this.
> Thanks
> -Aswath
>
>
> On Tue, Jul 6, 2010 at 12:17 PM, aswath satrasala <
> [hidden email]> 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
>>
>
>