How to add personal money to small business

Elizabeth Dodd edodd at billiau.net
Sat Apr 5 03:02:56 EDT 2008


On Sat, 5 Apr 2008, Myrion wrote:
> Hello,
>
> I can't seem to find an answer to this seemingly easy question:
>
> I am using GnuCash (2.2.3) to keep records for my small business. However,
> as with many new small businesses, the income I generate isn't enough to
> cover the expenses. Therefore I must put in some money I generate from my
> normal day job (which is a bi-weekly paycheck that has been taxed).
>

I've called that account "internal Loan" for years and my accountant has coped 
fine with my terminology.
While the business is self-sustaining now, I use this still for my petty cash, 
fuel and credit card transactions on behalf of the business.
Then I repay myself - usually each 3 months I make sure I'm close to balanced.



-- 
"Unibus timeout fatal trap program lost sorry"
- An error message printed by DEC's RSTS operating system for the PDP-11


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