[GNC] Can I add to Equity?

[Adrien Monteleone]

Correct,

There's nothing special about the 'opening balance', it is just a 
regular transaction that you can enter when you set up the account/book.

You can always edit or add more transactions just like any other account 
later.

Regards,
Adrien

On 12/2/22 10:42 AM, Maf. King wrote:
> On Friday, 2 December 2022 13:46:38 GMT Dr. David Kirkby wrote:
>> with the intention of adding the £1 share there as an opening balance. But
>> it is not possible to edit the opening balance of that account.
>>
>> I assume it's me, as the director, that owns that £1 share. I guess, since
>> it's only a very small amount, I can ignore it, but it would be nice to
>> know where it should go.
> 
> You can't alter the "opening balance" in GC per se, but you can put an opening
> transaction in.
> 
> My ltd company's books show a transfer for the share capital (£10 in my case,
> for 10 shares issued and *actually* paid)
> 
> debit Bank Account and Credit Equity:Shares    I imagine you could have an
> Assets:UnpaidShareCapital account to hold the nominal £1, if you have not
> actually paid it to the company's account.
> 
> and just a very small technical point, You own the share as a shareholder, not
> as a director.  legally they are 2 very distinct "hats to wear"...
> 
> IANAA and so on.