Hi,
My business is in its early days and I wanted to record expenses for equipment that I bought with my personal money. I.E. Camera and lenses that I needed to start the photography business.
Thanks
Hey @jmshots great question!
Since you purchased the equipment with your personal money, the best first step is to speak with your accountant or tax agent. They can tell you exactly how those purchases should be treated for your business and tax situation.
Once they’ve confirmed how they want you to record them, come back to us and we can show you exactly how to enter everything into Solo.
Hi @jmshots
An easy way to do this is to reimburse yourself for the transactions and treat these entries as though the business is paying for these directly - i.e. ignore the middleman (you).
Cheers
Liz
