How to add personal money to small business
Elizabeth Dodd
edodd at billiau.net
Sat Apr 5 03:02:56 EDT 2008
On Sat, 5 Apr 2008, Myrion wrote:
> Hello,
>
> I can't seem to find an answer to this seemingly easy question:
>
> I am using GnuCash (2.2.3) to keep records for my small business. However,
> as with many new small businesses, the income I generate isn't enough to
> cover the expenses. Therefore I must put in some money I generate from my
> normal day job (which is a bi-weekly paycheck that has been taxed).
>
I've called that account "internal Loan" for years and my accountant has coped
fine with my terminology.
While the business is self-sustaining now, I use this still for my petty cash,
fuel and credit card transactions on behalf of the business.
Then I repay myself - usually each 3 months I make sure I'm close to balanced.
--
"Unibus timeout fatal trap program lost sorry"
- An error message printed by DEC's RSTS operating system for the PDP-11
More information about the gnucash-user
mailing list