Cash injection - how to record
JNL
Member Posts: 4
Hi
Newbie with little Accounting knowledge.
When a running business receives a cash injection as capital, how do we record this in WaveApps?
I have created a "Capital" under Chart of Accounts -> Equity --> "Business Owner Contribution and Drawing"
I then set the Category of the bank transaction to Capital
somehow it's still marking it as some kind of income. Is there something I'm missing?
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