Help needed with initial paid up share capital

Accounting
1

When we first set up our company, I completed journals for initial share capital between 3000 ordinary shares and 1201 DLA.

Money for shares has now been paid into the company bank account. I have downloaded the statement and I want to tag the transaction to the DLA. However the “transfer between accounts” only gives me the option as transfer from DLA, not transfer to DLA.

Any help, advice please

2

If you have Debited the credit balanced DLA in first place then no need to put money in bank, now that you have , you can do two of followings

  1. Delete original journal and tag money in bank as share capital
  2. Tag money in bank as funds from director
3

Thanks for such a super fast reply.

Could you advise how I can tag money in bank as funds from director, as I can’t see that as an option under “tag me”

Thanks

4

Click on tag me, pick option “something not on list” , pick nominal Director loan a/c

5

Again, thanks for the helpful fast response.