How to Record Use of Personal FundsNote: 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:
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'.