Add owners equity without using the bank account
I am starting a new business and have recorded expenses in Zoho For goods and services paid for by me prior to starting the business. I have posted payment of those purchases from the owners equity account. I would like to recognise those payments made by me as owners contributions. I know i can do that by adding an equivalent amount to the bank account and posting it to owners equity but that will then show a zero balance instead of the amount of payments i have made and i also wont be actually depositing any funds to the bank account so the bank statement will not therefore reflect that deposit while the zoho books bank account will.
I am obviously doing something wrong and hope someone can advise what that is?
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