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.
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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