Purchases Made Via Personal Funds
BrownFamilyChemDry
Member Posts: 1
Hi there...Prior to "opening our doors," we made some considerable purchases from our own personal banking and credit card accounts.
- Should we capture those investments? I would like to so that I can have the company pay us back when it makes sense.
- How do we capture these investments?
- How do we capture the re-payments from the company?
Thanks!
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Comments
Hey there @BrownFamilyChemDry !
To keep track of this in Wave, you will want to use your Owner Investment/Drawing account. Owner Investment/Drawing is a category used to keep track of the money you pay into and take out of your business. We have a handy help center article that breaks down the workflow to record this in Wave. Feel free to check it out here: How to record personal transactions from a business account and vice versa