Problem: How can we pass the entry for transfer money from Shareholder's current account BS Capital Issued (DR) in the Main Entity to to our another branch (another Entity) to PL Income or BS Accounts (CR)?
Solution:
1) In your main Entity enter , the amount needs to be transferred from the Shareholders current account therefore you should create a new Cash/Bank Payment document with Transaction Type - Others:
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General Ledger Reflection is following:is the following/ you can also refer the entry in transaction details box available in the Cash/Bank document.
2) In another Entity (Branch) enter Cash/Bank Receipt document with Transaction Type - Others:
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In Payment details you need to specify the GL account to CR, for example, Other Operating Income (PL Other Operating Income)
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General Ledger Reflection is followingis the following:
