Sole trader start up capital

Hi dio4672 

Thanks for your post. As there are different requirements for different business set ups I would recommend checking with your accountant on the type of account you need to allocate the loan amount to. Generally speaking, this would be either an equity account or liability account.

This Help Article, Adding, editing and deleting accounts, has instructions for creating accounts.

Once you know whether the amount needs to be allocated to an equity account or to a liability account I'll be happy to assist with how to record the applicable transactions.

Please let me know how you go.

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