[GNC] Can I add to Equity?

[Dr. David Kirkby]

On Fri, 2 Dec 2022 at 18:49, john <jralls at ceridwen.us> wrote:

> That accountant you pay can also tell you how to set up your books for the
> new company. You'll get much better advice from them than from this list:
> They're licensed to practice accounting in the UK, unlike anyone here.
>
> That said the £1 per share is called par value and is the lowest amount
> the company might sell the shares for. It's usually much less than the
> actual price the company gets for the shares and that's what you enter in
> the company's books. See e.g.
> https://smallbusiness.chron.com/account-issuance-par-value-shares-57788.html
> .
>
> Regards,
> John Ralls
>

It's not a new company, but in previous years I have submitted things on
spreadsheets. He has acce[ted spreadsheets in the past - he sent me one
with different tabs for what he needed. He has also suggested commercial
software - one of which was Kashflow. Now he has stopped using that as the
prices have risen, and he is not finding it so good. So I'm glad I did not
go down that route.

He does not seem too fussed about how things are recorded, as long as he
can work out what's happened.
I have just sent him some screenshots from GnuCash, and asked if they are
okay before I start putting this year's transactions in.

Dave