Transfering money form personal to business accounts and how to categorize?

justmejustme Member Posts: 2

I don't know how to directly transfer money from my personal account to my business bank account. So I use paypal. I see then three transactions, a green transaction in my paypal then a transfer to my bank and a transaction in my bank. How do I categorize each?

Comments

  • CalliePCallieP Administrator Posts: 360 admin

    Hi @justme , welcome to the Community! If you have transfers going between accounts, then no category is needed, as the transfer is the category. If you want a transaction to appear as a personal one, you can categorize the income/expense (rather than the transfer) as 'Owner's Investment/Draw'!

  • justmejustme Member Posts: 2

    Thanks! :smile:

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