How to record revenue received and business expenses on personal bank account for a LLC owner?
How to record revenue that was received on the personal bank account and business expenses from that same account in QuickBooks before LLC owner incorporated and opened a business bank account?
How to record revenue received and business expenses on personal bank account for a LLC owner?
Start with creating a Clearing bank type account. Record expense as being paid from this false account. Record income as being deposited to this same account. You can make separate entries for each against Member Contributions or Member Draw or a single entry to one or the other depending on which is higher, income or expense
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