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How to account for bills paid by owner

AndyBurnsAndyBurns Member Posts: 1

Hi guys, looking for a little help if possible.
I have a couple of bills for company expenses that I've paid using my own funds, I have entered the bills into Wave to keep track of the expenses, but without a transaction on the company bank account, how do I reconcile them as paid.

Any help greatly appreciated.

in Accounting Technical Support

Comments

  • ConnorMConnorM Member Posts: 1,229 ✭✭✭

    Hey @AndyBurns! Thanks for reaching out here! I'm thinking that the easiest way to really account for this would be to categorize these transactions as Owner Investment/Drawings. With that said, it's definitely going to be something you might want to separate out in the future, so as to avoid this headache!

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