Hi all,

What account (in a commonly used proprietary software) would you record funds that you give to your company for start up capital? Can this only happen once? If I were to contribute X amount of dollars a month, would it be classified as income or capital?

I am a bit confused; please forgive me if my question is too vague and/or confusing.

Regards,
HIG

I will not pretend to tell you that I know that much about accounting but it would seem strange to me that you would call the infusion income because you did not earn it and I am sure you continue to fund the capital.

I confirmed with my accountant and others that I should create an account referred to as working capital and keep proper accounting of what money goes in and out of there.

Thanks for your help!

Thanks for the question and the response I had a similar question