Problem: How may I reduce an Issued Share Capital?
Solution:
1. To To reduce Issue Shared Capital, create Other Expenses document: Accounting > Service Tools > Issued Share Capital.
Set Reversal for Transaction Type.
2. Add a new record on Expenses tab. Choose Expense GL Account Cr and Detentions as expense.
Set Dr Account as Issued Share Capital with dimensions - put company as Shareholder and item as Contribution from Shareholders.
It's possible to add several records in one document for several shareholders.
3. Post Other Expense document and receive a record for decrease of Issued Share Capital:
4. Create a payment document to pass this amount to shareholder itself. Choose Transaction Type - Other. Put a comment for clarification.
receivedfrom an owner or shareholder, create a Cash or Bank Payment: Money > Cash/Bank Payment.
2. Choose on Main Tab Cash Flow and Transaction Type - Others.
3. On the Payment Details tab, mention GL account and Shareholder itself:
4. The system creates this book record:
5. And you may see this amount in Trial Balance:
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