Can I exclude a portion of an expense? For example, some of the toll charges are personal for the owner. How do I record this?
You can enter the charges on two lines n a check or a bill. One is the business portion, the other is personal. To enter personal expenditures paid by the business you use the Owner Draw equity account. Same account used to "pay" owner
Can I exclude a portion of an expense? For example, some of the toll charges are personal for the owner. How do I record this?
You can enter the charges on two lines n a check or a bill. One is the business portion, the other is personal. To enter personal expenditures paid by the business you use the Owner Draw equity account. Same account used to "pay" owner
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