Louise
Posted: 28 Jul 2006, 19:20
How do I post transactions which were done through a personal bank account before the persons business account was opened. Do I record them as Capital Introduced? 
There are lots of ways, none of them right or wrong.
What I would do, is to create a new bank account called "Personal Bank Account" and post all the transactions to that.
I wouldn't bother with the capital introduced entry, I would just offset drawing back against the account,
however, if you wanted to, when everything is posted and complete you could zero out the bank with a bank receipt against capital introduced.