Company setup cost

Top  Previous  Next

Some expenses are paid by the director on behalf of the company during before incorporation or initial setup of the company
Example incorporation fee, setup website, initial rental deposit, buying of equipment (phone, computer).
It will be an amount owing to the director as a credit amount and debit the various expenses, when the accounting system is setup and ready to enter as expenses (preliminary expenses)


Step 1: Amend the chart of accounts to the director name


Click [Setup] --> [Chart of Accounts]



Step 2 : At [A/c Entry], click [GL Journal]


Click [Add]




Follow the steps from [1] to [12]





Step 3: Enter the payment from the company bank account        


Follow the steps [1] to [10]





Related Topics








Watch all videos:

Realtimme Training Portal