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Free Accounting Software Forum - Journal entry at the start of a new business

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I have already entered some transactions but confused how to enter stat up capital could please help. For example start up $95000 out of this $80000 borrowed fund $15000 owner contribution. How do you enter this?
Thanks, Mos
Hi Jara,

Cash Received. If it's borrowed funds then select an account like loan payable to whoever. You may need to create the account. If it's equity and it's a company then you would pick issued capital as the account. An owner contribution could be equity or loan (also depends on the legal structure).



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