Location: Accounts Production module > Settings > Report Setting > Directors Report
This section is all about the share capital of the company composed of different categories of shares. The amount of share capital a company reports on its balance sheet only accounts for the initial amount for which the original shareholders purchased the shares from the issuing company.
If the company issues new shares, then the detail of the shares issued can be kept by making entry of the shares issued. To add new shares, click on ‘+ Add New Shares’. A new box appears where the details related to shares issued are to be filled.
Select the category of shares issued whether equity or non-equity. Share issue date and the number of shares so issued are to be filled. Select the class of shares so issued and determine the per share value with the no. of shares authorized and allotted.
On saving the data entry of shares so issued will be added on the main page of this section.
If the share capital with the detail is to be part of ‘Notes to Accounts’ then the checkbox of is to be ticked. ‘Display authorized shares in Share Capital note’
The detail of shares so issued will be shown. If the details are to be edited, then click on edit and edit the details or delete as required.
Click here to watch a video on how to update Share Class Type