mardi 7 juillet 2015

How to account for personal and business combined

I know I need to get separate business checking account and am in the process.

I want to know how to account for my business when personal and business are combined. Can I just iniput my business expeses and use my bank statement as backup. Say I deposit $100, but this is used for business and personal.

If 50 is used for business, can I just record a deposit of $50 on my books and debit the expense?

Basically how would I record the items if I gave them to you to account for.

May need an accountant, cpa or bookkeeper to answet these.


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