Removing a personal purchase from my transactions

mb1mb1 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. :smile:

Comments

  • MikegMikeg Member Posts: 995 ✭✭✭

    @mb1,
    You would categorize the expense as an Owner Drawing. In essence it will not go through the income statement.

  • mb1mb1 Member Posts: 6

    Ah well, that was simple. Thanks so much @Mikeg!

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