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Stuart11_2
May 3, 2018
Question

Using one bank account for personal and business

  • May 3, 2018
  • 2 replies
  • 0 views

is it possible to categorise personal income and payments So there not in my business account although I’m using the same bank account?

    2 replies

    KHollowaycloud
    KHollowaycloud
    May 3, 2018

    Hi Stuart

     

    I am assuming that your business is operated as a sole trade. If so, you can categorise all personal payments as "Drawings" and all personal income as "Capital introduced". This will keep it outside of the business' income and expenditure.

     

    Hope this helps!

     

    Kayleigh

      E
      EdwardR
      May 3, 2018

      Hi Stuart,

       

      Thanks for contacting Community!

       

      Can I please check which version of QuickBooks you are using whether you have the Self Employed version or standard QuickBooks Online product? So that I can help you with your query.

       

      Thanks

       

      S
      Stuart11_2Author
      May 3, 2018

      Hi Edward

       

      I have the standard QuickBooks 

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