Forum Discussion

arttoart's avatar
arttoart
Contributing User
25 days ago

Repaying personal start up cash

 wondering how I track repaying my personal account back money that I have loaned to my business account

1 Reply

  • Han-Solo's avatar
    Han-Solo
    MYOB Moderator
    24 days ago

    Hey arttoart​ 

    Thanks for the question! There are a few ways this could be done - and it really depends on how things have been set up for your business. Generally speaking, you want to reflect what actually happened in real life. So if you transferred money to or from a certain account, that’s what you’d want to show in the app.

    Since every setup is a little different (and we don’t know the ins and outs of your business), it’s always best to check in with your accountant to make sure it’s recorded the right way.

    Thanks, 
    Hannah