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Can not define a category for owner investments

Tibor   ( User )

Commented 3 years ago

Hi, I could not find an obvious way to represent investments into the business in Akaunting. The investment would be a type of income, but should not be represented in the "Profit & Loss" statement. The same would be true for "Drawings" when the owner takes money out of the business. These transactions need to be represented in the books, but should not show up in "Profit & Loss" because these are not gains or expenses that have to do with operation of the business.

Is there a way to do this that I have missed?

Or is this a missing feature?

Denis Dulici   ( Admin )

Commented 3 years ago

Hello,

Categories handle sales/purchases in a plain method. What you want is handled by Chart of Accounts available in Double-Entry app:

https://akaunting.com/apps/double-entry

Regards

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