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February 13, 2024
Question

Selling products and stock I purchased before I started trading

  • February 13, 2024
  • 1 reply
  • 0 views

I recently set up as a sole trader but I purchased several stock items before I started trading. I paid for these with my personal bank account but now I have a business account which is connected to Quickbooks. My question is can I still sell these through the business, and if so how would I account for this in Quickbooks?

1 reply

February 13, 2024

 Hello Kitbeck, thanks for posting on the Community page, we would advise you to reach out to an accountant on how best to do this in your account.