How do I enter an expense that I paid with my personal card, cash, or credit card?

Martha_Melissa86Martha_Melissa86 Member Posts: 1

I just started this cleaning business and I have a lot of questions. Before I ever got my first payment and before I even had a business account. I was paying everything out of pocket. I am sole-proprietor and its just me. So my first question is how to accurately enter this into accounting and can I pay myself back? I understand that I can take whatever I want out but I am trying to keep my profits and self-pay separate.

Comments

  • KarlAviuKarlAviu Member Posts: 20
    Hi @Martha_Melissa86

    Check this post below and see if it helps.

    https://community.waveapps.com/discussion/9013/how-to-record-business-transactions-from-a-personal-account

    All the best.
    Karl
    edited September 2, 2020
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