Expense - Part Personal

Question asked by Jim Clayton 5 months ago

Hello,

What is the best way to to allocate an expense payment whick part business and part personal ?

Thanks

expense
FreePlan FreePlan
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2 Replies

Hi Jim,

If you are manually entering expenses, you must enter the business amount only. However, if you import bank statements, then you will need to explain the business amount and choose expense account code, then code the rest to "personal transactions" or drawings.

Tommy

Best answer
5 months ago

Hi Tommy,

Thank you.

Jim

5 months ago

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