Expenses
Hi,
Brand New User here.. Please forgive me if i am wrong or appear confused..
I am a sole trader (Australia) doing contract work, I spent money on expenses (3) for the company using my personal card prior to my business account becoming active.
I created a bill for each item allocating them to their expense group (Stationary, Printer Supplies etc...)
1. How do i record the payment for these?
2. How do i personally recover these funds?
Cheers
David
Hi
I suggest that you set up a bank account called owners funds and pay the bills from there.
you can then journal the bank balance to your owners contribution/ drawings account
hope that helps
Lisa
