My company has just been incorporated yesterday
I am very new to this all and just want to keep track of outgoing and incoming the best I can until I talk to an account for some help.
So I have sent £100 to my business bank account to pay for the 100 Ordinary Shares at £1 each.
I have also sent £100 for seed money as a loan to the company to get it going.
I have the auto bank feed, so the two transactions have shown up as two untagged transactions.
£100 loan + £100 shares payment = £200
How would I account for this?
Thank you in advance.