Transfer money to myself - how to record?

Question asked by Helen Spring 2 weeks ago

I use a personal account as a sole trader. All of my work income and expenses go through this account. This account is now linked to Clear Books. Every month or so, I transfer most of the money that is in my 'work income' personal account to my other personal account. Should I record this as a personal transaction?

1 Reply

Hi Helen,

Yes, you would enter this as a personal transaction.

Tommy

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