Forum Discussion

David007's avatar
David007
3 years ago

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 pers...
  • LRBooks61's avatar
    LRBooks61
    3 years ago

    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

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

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

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