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Community > Using Xero >

Record transfer funds from old company to new company

Started by Peace Ng -   in Using Xero

Hi all

I'm a newbie here and I have a little confuse, hope you guy can help me.
I have a company in BVI, i want to strike it off in this month, and incorporate a new company in another country, i want to transfer all money from old company to new company.
When record this money in xero for this money (In new company). What account type i should use?
I think i should use type Equity, create an account name: Owner a Capital

Is that true?

Thank you
Hi Peace thanks for reaching out here, this sounds a bit more like you are looking for some accounting advice rather than a feature request.

Sorry to say but we are unable to help in this situation- you may want to reach out to your accountant or alternatively raise this on our discussions forum, where other Xero users may be able to help instead.
 

Maya W (Community Manager)