How to record a capital into the business.

What is capital?

In accounting, the capital account is also known as owner's equity for a sole proprietorship or shareholders' equity for a corporation. It shows the total value of the owner's investment in the business. 

A business's capital usually grows through owners' investment or retained/reinvested profit.

How to record capital in the business

1. Login to your Simplebks (www.simplebks.com)

2. Click on Transactions on the sidebar> Add New Records

3. Enter the transaction Date and Description

4. Transaction type( Money In)

5. Category ( Capital)

6. Enter the Amount and Account( Cash or bank)

7. Enter the Investors Name

8. Click on Create Transaction

9. Transaction created successfully

10. Click on Print>To print the receipt or download the receipt as a PDF

11. Go to Transactions on the sidebar> To view the Transaction details