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beginners question

lesaewlesaew Member Posts: 3

Hello,

I just opened a bank account and connected it to wave. The bank required a minimum deposit of 100 dollars. Should this be recorded in wave as a owner investment transaction or should this be the starting balance?

in Accounting Technical Support

Comments

  • BarsinBarsin Member, Moderator Posts: 2,041 ✭✭✭

    Hey there @lesaew

    If this is money not earned by your business I would definitely classify it as owner investment as it's technically equity brought in by your bank for starting an account with them.

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