How to Record Use of Personal Funds

Note: This page refers to business expenses you pay with personal funds, such as a personal credit card.
  • If you make personal payments from a business accout, see this page instead.
  • If you make personal payments from a personal account, such payments should not be entered into Solar Accounts.

    • To record a business expense paid using your personal funds click menu File > New > Money Paid Out:

      Expense Personal Funds

      Enter the same details as for a normal expense, with with following exception:

      • If you are self-employed: Set the Paid From Account to 'Owners Drawings and Personal Use'.

      • If the business is a limited company and you are a director: Set the Paid From Account to 'Directors Loan Account'.

      Click 'OK' to save the payment. The new transaction will appear in the Transactions list (menu Window > Transactions).