Money from family for business

I have received some money from a family member that I wish to use for my business. What is the best way to record this? It is not a loan etc.

Posted by Rob Couzins on Mar 18, 2013 11:39 AM GMT

Hi Rob,

If you are self-employed then create a General Transaction from 'Owners Drawings and Personal Use' to the 'Petty Cash' account.

Regards,

Posted by Mark McLaren (Solar Accounts) on Mar 18, 2013 1:03 PM GMT