Removing a personal purchase from my transactions
mb1
Member Posts: 6
Hello,
I'm a freelancer and I'm very new at this. I have a transaction that went through my business credit card and I reviewed it in Wave. However, I'm now realizing it should not have been a business transaction/purchase. What is the step-by-step procedure in Wave to fully correct this situation?
Thank you for your time and patience.
0
Comments
@mb1,
You would categorize the expense as an Owner Drawing. In essence it will not go through the income statement.
Ah well, that was simple. Thanks so much @Mikeg!