Overview
The Equity tab displays all GL codes from your connected accounting system identified as equity accounts. These are mapped across the following headers in the Castaway chart of accounts: Capital, Revaluation Reserves, and Retained Earnings.
Capital Header
Capital elements are created by mapping equity GL codes to the Capital header. Each mapped GL code creates a Capital element.
| Line | Appears When |
|---|---|
| Capital element | A capital/equity GL code is mapped to the Capital header |
Revaluation Reserves Header
Lines under this header are partner elements created automatically when Fixed Asset elements are set up in the Asset tab. Map the relevant GL codes to these lines once they appear.
| Line | Appears When |
|---|---|
| Revaluation reserve line (one per asset) | A Fixed Asset element is created (Asset tab) |
Retained Earnings Header
An inbuilt Retained Earnings element exists under this header. Map your opening balance retained earnings GL code here, no element creation is required.
Additional Capital elements can also be created under this header to map adjustments or separate retained earnings accounts.
| Line | Appears When |
|---|---|
| Retained Earnings | Always present — inbuilt |
| Additional capital elements | Adjustment or separate retained earnings GL codes mapped to this header |
What's next...
With the Equity tab complete, your mapping is finished.
You can now return to External Sources to Import your opening balance