I run two “businesses” (say, A and B) as a sole trader, and have two separate QuickFile accounts, one for each business. Each business has also its own Starling Business bank account.
Recently I needed to make a purchase for business A, but had insufficient funds in its bank account so I transferred funds from business B’s bank account to business A’s bank account.
How do I tag this in QuickFile? Do I tag the withdrawal from business B’s account as Proprietors Drawings, and the subsequent deposit in business A’s account as Capital Introduced?