Record bank transfer from personal account

Hi @GGabriele,

I'll share the steps you can take to record payment for business expenses from a personal account.

Here's how:

1. Go to the + New menu.
2. Select Journal entry.
3. Enter the expense account for the purchase on the first line. 
4. Type in the purchase amount under the Debits column.
5. Enter Partner's equity or Owner's equity on the second line.
6. Type in the same purchase amount under the Credits column.
7. When done, press Save and close.

To continue, take a look at this article: Pay for business expenses with personal funds. Locate Step 2: Decide how you want to reimburse the money.

I also suggest you take your time and view this article: Track personal money or investments to your business. In case you make investments to your company from a personal account.

Drop other questions you may have below. I'll take care of them as soon as I can. 

Hi @Ryan_M ,

Thank you for the guide I think I got it right. Just one question, when I categorize the transfer it is asking me the VAt rate. I am pretty sure it is 0% but which one should I choose? Purchase or sale or something else? 

Thanks

That transfer could also probably show up on the bank statement, how does one then categorize the entry on the bank statement to show the transfer from personal bank account to business bank account?