Allocating Owner personal fund payments
In setting up the business, bills were created (DR expenses or plant & Machinery) and credit accounts payable. Owners funds/equity was created by journal by DR Accounts payable CR Owners personal funds (equity). Now I ned to match the journal entry in accounts payable to the supplier but this doesn't appear possible. I'm thinking I need to create another journal to CR Accounts payable, debit one of the allocatable bank accounts (external funds). Then try and match those journal entries to the supplier to close the bill. Can someone advise whether this is the right approach?Solved140Views0likes3Comments