Question
How do you fix mixed expenses between two LLC businesses?
For the year of 2023, I have someone who made the mistake of using his cards for whatever expense, mixing between his two businesses as well as his personal expenses.
Assuming we sorted out which expenses are for which, what are you to do with the expenses made to the other business, as well as the personal expenses made? What would I need to do to them, and where would I categorize them?