Re: How to record Cash withdrawals used for business expenses?
Thank you for taking the time to help me on this.
I have the two transactions on my banking waiting to be recognized:
1. 9/18 = -$1,000 ATM withdrawal
2. 9/25 = +$200 Deposit
Would you recommend me to exclude them and then follow the steps you just mentioned?
I was hoping to somehow categorize the two transaction to the right chart of accounts from the banking section, but I am certainly open to other suggestions.
If not, I can certainly go your recommended route.