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Feb 13, 2024 10:06 AM UTC
Question

Selling products and stock I purchased before I started trading

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

Feb 13, 2024 12:48 PM UTC

 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.