As a person who has very limited knowledge about accounting concepts, how would I create Opening Entry as a Proprietor for Service based model, without any investments to show? Like a trainer, where I don’t have any physical stock, neither do I have any particular investment criteria, except maybe for marketing my services. How would I go about creating Opening Entry in such scenario. I have many more questions but I will wait for your answers, or till you release new videos.
Hi, how do you do an opening balance for prepaid insurance
I could not find the shareholder funds entry in erpnext. COuld you please help
Can please tel us shareholders account under which parent account ??
As a person who has very limited knowledge about accounting concepts, how would I create Opening Entry as a Proprietor for Service based model, without any investments to show? Like a trainer, where I don’t have any physical stock, neither do I have any particular investment criteria, except maybe for marketing my services. How would I go about creating Opening Entry in such scenario. I have many more questions but I will wait for your answers, or till you release new videos.
You don't need erpnext for such a simple scenario. You could instead be best served by gnucash, kmymoney, homebank etc.