Splitting business / personal transaction on a spend money transaction

Question

Hi again!

I'm trying to link all receipts to transactions in the business account.  I have a receipt that has 3 items and 1 of these is a personal purchase (using business debit card).   There is a Director Loan account but I'm not sure how to split this transaction so the full amount is allocated.  I'm VERY new to this.

Thank you in advance.

Celia_B · Answer

Hi @jetski,

Sorry for the late response to this post. May I ask how you go on with this? As for your question, when personal funds are deposited into the business account, you would record a receive money transaction from the director's loan account that you have set up.

Please contact us again if you have other questions or concerns. We are happy to assist.

If my response has answered your enquiry, please click "Accept Solution" to assist other user find this information

Kind Regards,

Cel

jetski · Answer

Hi Celia,

Thank you for getting back to me on this question it is appreciated.

Can I clarify, as I am still confused a little.

I do a spend money or bill transaction for the 2 items on the receipt that are business and

I do a receive money transaction for the single item on the receipt that is personal, from the director loan/owners funds account I have set up.

Am I understanding correctly?  Thank you for your patience.

Juliet

Celia_B · Answer

HI @jetski,

We just want to check back with you regarding your concern. If you still need assistance or if you have questions or concerns, please contact us again.

Kind Regards,

Cel