Owner Contribution Upon Start Up of Business

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Owner Contribution Upon Start Up of Business

We have recently started a company and have had to use quite a substantial amount of our own personal savings to purchase equipment and materials etc. (a few times) How do i enter this into MYOB correctly?

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MYOB Moderator
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MYOB Moderator
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Re: Owner Contribution Upon Start Up of Business

Hello @Jimny205 

 

This would be a query better suited to your accounting advisor, who would be able to provide specific advice as to which account you may want to direct those funds and how best to record the purchases made with your personal savings. Should you receive clarification from an accountant or bookkeper, we would be happy to explain how to carry out that advice in Essentials, from a software point of view. 

Kind regards,
Emily

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