Capital Accounts

The Capital Accounts tab is specifically designed to track and manage funds contributed by or distributed to business owners and investors.

Creating a Capital Account

To add a new capital account, click the New Capital Account button.

The Capital Accounts tab displays several columns, each providing specific information:

Code: Displays the account-specific code associated with the capital account.
Name: Displays the name of the capital account.
Control account: Shows the name of the control account linked to the capital account. If custom control accounts have not been set up, the default will display as "Capital Accounts".
Division: Identifies the division associated with this capital account. If divisional accounting is not enabled, this will remain blank.
Balance: Reflects the combined total of all debits and credits assigned to this capital account. Clicking this figure will display a breakdown of transactions contributing to the balance.