How to categorize personal amount deposit and withdraw from Business account
Sri
Member Posts: 12
I have deposited some amount into business checking account in emergency. And now I have taken same amount back to my personal account.
Both transactions showing now as "Uncategorized Income" and "Uncategorized Expense". How manage category them in transactions?
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@Sri Here's a link to the Help Centre article as well community discussion on handling personal transactions as well: https://community.waveapps.com/discussion/comment/19521#Comment_19521
You would want to categorize these transactions as Owner Investment / Drawings to properly account for these transactions! Just in case, is a link to the Help Centre article: https://support.waveapps.com/hc/en-us/articles/360020168332-An-easier-way-to-manage-personal-transactions