small starting business - initial sell of shares, capital raised and related questions

[Maf. King]

On Mon 28 January 13 17:07:09 Krokodill Geena wrote:

<SNIP>
> 
> Everything started to look good but there is still one small problem.
> We know, how much cash each one of us has deposited as initial startup
> capital (and received a share in co) but there is no way to track how
> many total "shares" are actually issued.
> 
> What if I set up a Assets:Investments:XYZ and enter number of shares
> with 0 EUR per share?
> Will this start causing problems down the road and mess up our
> reporting at some later date?

Hi,

I'd suggest a spreadsheet here - right tool for the job! 

unless each share is worth €1, when the total of the Equity:ShareCapital is 
equal to the total shares issued (but since that is so trivial, I assume that 
the shares are not always worth the same)

HTH,
Maf.