Page History

...

Image Removed

...

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
Image Added

Image Added

See also 7.3. Opening Balances Entering

2. In the Accounting Section, select Other Sections.:
Image Modified

Go to 3. At the Other Section tab
Click Add, Add a new line:
Image Modified

Fill in the fields that appearCredit side with GL Account Issued Share Capital, Shareholder and Amount:
Image Modified

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.:
Image Modified

Thank you for being a FirstBIT customer!