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mikelu9661
Level 3

Categorizing Money deposit to Apps CASHAPP, ETC

how would you category money you deposit to an app wallet, like cashapp, venmo, etc.. where the feed only show the debit to them then you use the money within there to make business expense purchases. I try to make most of my business expense within the bank feed, but some merchant only accepts those 3rd party app so i had use them to make business expenes purchases from them.

1 Comment 1
mikelu9661
Level 3

Categorizing Money deposit to Apps CASHAPP, ETC

I also wanted to add that, there's different scenario

 

#1.) I deposit the exact amount of the business purchase into the cashapp, app wallet then pay them within the app to their cashapp account. 

 

2.) I deposit a specific set random amount, for example $500 into the app wallet, then make business purchases within the app for several purchases so I don't have to reload everytime. Basically the bank feeds the funds were taken out of, only show 1 $500 debit to the app wallet while my expense are from smaller #'s of that.

 

 

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