Good day all
I am starting my own company and I have been busy for the past few months entering the buying transactions into ERPNext. I have not yet started seling as I want to first set up the production-configuration in ERPNext.
So I started with a zero balance and I have been purchasing stock items. And this has all been funded by myself. I now need to reflect all that money in ERPNext. I have been reading about Capital accounts
and Loan-accounts and with me having very little accounting experience ( I am an engineer ) it is a bit of a battle.
I am sure there are many out there that this is an easy one. Could you perhaps halp me to create the correct accounts ( although I see there is default a “secured loan” account ) and also to get the debits and credits right .
Many thanks
John