Splitting business / personal transaction on a spend money transaction

Hi jetski,

Thank you for your post. Allow me to extend you a warm welcome to the Community Forum. I hope you find plenty of information in this forum. 

We appreciate you expressing your concern to us. Regarding your concern on how to split personal transaction on a spend money transaction, it is basically, when personal funds are paid into a business account you would record a Receive Money transaction. The Deposit to account is the bank account the funds are deposited into and the allocation is a Director Loan or Owner's contribution type account. If your not sure, we recommend speaking to your accountant.

For an added information that you can use as a reference:

• If the business owes you money you can create a Director loan liability account in Accounting >> Chart of accounts>> Create Account. Select Credit card as Account Type.
• If you deposit personal funds into the business bank account, record a Transfer Money transaction, The From account is the Director loan liability and the To account is the business bank account.
• If you make a purchase with personal funds, record the Spend money/Bill payment transaction as normal but select Director loan liability in the Bank Account field.
• If the business repays the loan, record a Transfer money  transaction. The from account is the business bank account and the To account is the Director loan liability account.

Please let us know if you need further help. We are happy to assist. 

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

Kind Regards, 

Cel