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Client Paid the Wrong Account

SMLLCSCorpSMLLCSCorp Member Posts: 11

Hi Wave,

I formed a single member LLC, filing as S-Corp recently. Prior to that I was a sole proprietor. My client paid my personal account instead of my LLC business checking account. How do I bookkeep this?

edited November 2, 2020 in Accounting Technical Support

Comments

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hi @SMLLCSCorp , did you still move that money over to the appropriate account in your LLC? If so, you can account for it as if it was paid into that account because all it shows is money moving from outside of your business into your business as an income.

  • SMLLCSCorpSMLLCSCorp Member Posts: 11

    Hi @AlexL
    Request has been resolved. Thanks for following up that was for a different post

    No, I transferred it from my sole proprietor business account to my personal account : /
    I did however categorize the money coming into my SP business account with the invoice I sent via Wave.

    edited November 2, 2020
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