Best way to categorize personal withdrawls

Bobby2020Bobby2020 Member Posts: 1
I do my business expenses on my personal cards , during the year i zelle some money out of my bsns bank account to pay those bills , i account that withdrawal transaction ad accounts payable . Is this the correct way
edited December 28, 2020 in Accounting Technical Support

Comments

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hey @Bobby2020 , the best way to handle this would be to categorize the withdrawal as an Owner Investment/Drawing which should take care of everything for you.

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