New to organizing my finances

pickinsplinterspickinsplinters Member Posts: 1

Good afternoon, I plan on seperating from here on out but I have a bank acct that I was using for both personal and business, Im trying to seperate transactions in wave, but what would I catergorize my husbands paycheck that came from his own seperate job? secondly, I dont want it to show up as income for the business because it is not , so how do I figure that out? also what do I catergorize my morgage pmt under since i work from home?
after this point I plan on getting a seperate bank account for the business.

Comments

  • MikegMikeg Member Posts: 995 ✭✭✭

    @pickinsplinters,
    You would categorize both as owners drawings. Not sure whether you are in the US, if so, you would just use a journal entry to record the allowable home office. Debit Office Expense and credit Owner Drawing/Contributions. Hope that helps.

Sign In or Register to comment.