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Problem: How to

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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
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See also 7.3. Opening Balances Entering

2. In the Accounting Section, select Other Sections. :
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3. At the Other Section tab
Click Add , Add a new line:
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Fill in the fields that appear Credit side with GL Account Issued Share Capital, Shareholder and Amount:
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Click 4. Post and close
Now we can generate a STATEMENT OF FINANCIAL POSITION report, where the document.
    Generate a Statement of Financial Position, and find the authorized capital will be reflected. :
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