Debit card payment

If I pay cash or debit card for a business expense (fuel) how do I treat that as it is a private loan?

Hello @BBrush

You would process the payment from the Proprietors Drawings Account 1202 and tag it to
Something else not on this list
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When the business pays you back, you would do a transfer from the business bank to the Proprietors Drawings Account to clear the balance.


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Hi thanks. But what if it’s not going to be replayed ie. Permanent loan

Hello @BBrush

If it is not to be paid back it would not be classed as a loan.

If you wanted to clear the balance on 1202 you could record a money in transaction from Capital Introduced for Sole Traders (3300)

This would show as you putting money into the business

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