Expenses

Question

Hi,&nbsp;Brand New User here.. Please forgive me if i am wrong or appear confused..&nbsp;I am a sole trader (Australia) doing contract work,&nbsp; I spent money on expenses (3) for the company using my personal card prior to my business account becoming active.&nbsp;&nbsp;I created a bill for each item allocating them to their expense group (Stationary, Printer Supplies etc...)1. How do i record the payment for these?2. How do i personally recover these funds?&nbsp;Cheers&nbsp;David

lrbooks61 · Accepted Answer

Hi&nbsp;I suggest that you set up a bank account called owners funds and pay the bills from there.&nbsp;you can then journal the bank balance to your owners contribution/ drawings account&nbsp;hope that helps&nbsp;Lisa

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