Forum Message

Family expenses taken from business

Hello,

I would appreciate if you could help me with the following.

I am self-employed. How do I record money that I take from my business account to pay for my family expenses, and how that would be reflected in my solar "profit and losses" report?

Thank you


Posted by Viktar Samsonik on Oct 13, 2009 12:31 PM BST

Hello Viktar,

Please see our help page on this topic:
http://www.solaraccounts.co.uk/help/how-to-record-non-business-payments.php

The payment will not affect the Profit and Loss report because it does not affect an income or expense account.

Regards,


Posted by Mark McLaren (Solar Accounts) on Oct 13, 2009 12:53 PM BST