Problem: How to enter Authorized Capital at begging of accounting in FirstBIT software?

Solution: Use Opening Balance entry as shown.


1. Create a document Opening Balance Entry: Accounting > See also > Opening Balance Entry

See also 7.3. Opening Balances Entering


2. In the Accounting Section, select Other Sections:


3. At the Other Section tab, Add a new line:


Fill Credit side with GL Account Issued Share Capital, Shareholder and Amount:


4. Post and close the document.
    Generate a Statement of Financial Position, and find the authorized capital reflected:


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