Deposit Paid from Personal Account

[G_22]

Hi, 

A deposit was paid from a personal account for an asset (under finance) prior to the business bank account /myob being set up. 

What is the best way to record the deposit as owners equity contribution seeing as the bank statement won't match?

Thanks, 

[LRBooks61]

Hi

use a journal entry to record the transaction

look under accounting tab  - create general journal

hope that helps

Lisa