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List of accounts when secure connecting to the bank does not show all accounts. perhaps its just a case of those account types not yet being ready for open banking?
Before my company made its first sales I paid for certain things from my personal account. I researched and found that I should use the "Owner's Investment" account on the expense and add it as a negative amount so I could pay myself back. So this is what I did: - Paid for service in USD from my personal account- Created expense with the USD amount - Added "Owner's Investment" of NEGATIVE of the same amount so the expense came to $0.00- Created a new cheque and paid myself back in GBP (my home currency) for the exact GBP amount that left my account (using whatever exchange rate the bank/PayPal used at the time) The problem now is that my "Owner's Investment" account is negative due to not receiving the true exchange rate at the time of purchase. How can I reconcile this? Thank you in advance for your advice.
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