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How to Record Personal Transactions from a Business Account

Use a journal entry to record a personal purchase used in the business, ensuring the asset and owner's contribution are properly reflected in your accounts.

  1. On the left-side menu, click Accountant > Journal Entries
  2. Select the 'New entry' button.
  3. Add a description of the asset and select the date you are starting to use it in the business.
  4. On the first line, for the Category, select the asset account, and enter the purchase amount or value of the asset in the debit column.
  5. On the second line, for the Category, select the appropriate equity account for your business.
  6. Click 'Save'.

Written by

Alexandra Kyriacou

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