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Level 3

Personal & Business Within 1 charge feed

Hello, I have some business expense purchases mixed with personal in one transaction checkout, so basically the banks feed will show one charge and part of it is business supplies, I was not aware how taxes were done before expanding my journey to the end of the first year of business so I didn’t know that was making things complicated, but it seems moving forward its best to leave business purchases alone, never mixed with business, but I guess since it's already done not sure how I should handle a situation like this.

1 Comment
Level 4

Personal & Business Within 1 charge feed

You don't say the structure of the company, so...depending on the structure of the company the personal expenses are Owner Draw or loan due from partner/principal etc..

 

Please mark this as solved when you have an acceptable solution so it will be moved from the unanswered questions list.

Kathy  

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