I have introduced some capital into the business and logged it as a new transaction in the bank. When I then go to tag this transaction at the bank, it comes up with “what type of transaction is this” it does not give me the option to use code 3300 Capital Introduced. I can only select “Bank transfer between accounts,” it then logs it under code 1202 Proprietor Drawings Account. How do I tag it to Capital Introduced?
“Something else not on the list” lets you tag directly to a specific nominal. You shouldn’t use this option often but it’s available for the very occasional cases where it’s needed (things like capital introduced, paying over pension contributions to your provider, receiving grant income that needs to bypass the usual invoice mechanism, that sort of thing).
Thanks very much for your reply, most helpful.
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