Recording Non-Business Income - Solar Accounts Online Forum

Recording Non-Business Income

Hi

I have transferred some personal funds into my business account (ultimately to cover my income tax bill). How do I record this as it is not a business receipt.

Kind Regards

Paul

Posted by Paul Marshall on Feb 20, 2012 7:43 PM GMT

This should give you the answer.
http://www.solaraccounts.co.uk/forum/topic.php?TopicId=799&Posts=1

Posted by Tom Beattie on Feb 21, 2012 8:21 AM GMT

Hi Paul,

Record a General Transaction paid into the Cheque Account. If you are self-employed then set the From Account to 'Owners Drawings and Personal Use'. If the business is a limited company and you are a director then set the From Account to 'Directors Loan Account'.

Regards,

Posted by Mark McLaren (Solar Accounts) on Feb 21, 2012 9:22 AM GMT

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