Mileage reimbursement

Osh18Osh18 Member Posts: 1

I followed the steps to account for mileage as a journal entry credited to my Owner's Equity account. Now I want to withdraw money from my business checking to reimburse myself for my mileage. How do I record this? Thanks.

Comments

  • Laura SquiresLaura Squires Member Posts: 2

    Same basic question. I'm using Wave for my personal accounting. How do I categorize mileage reimbursement income?

  • MikegMikeg Member Posts: 521 ✭✭✭

    @Osh18,
    Either write yourself a check or transfer from business account to personal account. Categorize as an owners draw. This is debiting owners draw and crediting cash.

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