It sounds like you are considering your current personal payments as
your equity investment as you pay, rather than fronting the money and
then using it from there.
You should be able to simply:
Dr. Expense
Cr. Equity:Owner's Capital
(or whatever you determine is the best name for that account)
There is nothing special about the 'opening balance' entries.
If you need to edit one, just do so.
If you need to add one, just add it. They are just transactions between
the respective asset/liability and Equity:Opening Balances account.
Regards,
Adrien
On 1/3/23 3:15 PM, Jamie Tolbert wrote:
Starting a new business. For the next month or so, what few bills I have
will be paid by me, until I get my business checking set up. Its been
years since I studied double entry accounting, but I thought if I paid a
bill for lets say 100.00, I would credit my owner account for 100.00 and
debit whatever expense account it is. I cant find how to credit my owner
account, or opening balance.
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