Due To You ... How to Set Up and Reimburse Myself?
towser42
Member Posts: 1
I had to purchase the Mac and phone for my business out of pocket before getting my LLC and banking set up.
I am now set up with my bank and invoicing, and I need to reimbursement myself for those purchases, and I see that under Chart of Accounts I can set up accounts for "Due To You And Other Business Owners," but I can't figure out how to connect that with the rest of my bookkeeping to enter the amounts and have it show up on the Profit & Loss statement.
Can anybody advise? Thank you!
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Comments
Hey there @towser42
I'd like to point you to our help center articles on ACCOUNTING FOR REIMBURSEMENTS
You will want to ensure that all of your bank accounts involved in those transactions are connected to wave either using the Banking > Connected accounts page or importing your transactions using CSV into your custom created chart of accounts.