Categorizing transfers from a business bank account to a personal line of credit
Lynne Oliver
Member Posts: 3
Hi: There are regular monthly payments/transfers from my business bank account to my personal line of credit. I would like advice on how to categorize these transactions. Under the business Wave account, I have categorized them as owner drawings. In the line of credit account under Personal in Wave, I do not know how to categorize those deposits. I cannot use the transfer from a bank account transaction choice because the transfer is from a business account not personal. How do I categorize these transactions so that they show up in the cash flow "payments to line of credit" report?
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