We are a partnership. One partner earns a small PAYE personal wage outside the business, which has historically been paid into our business account for various reasons. How do I allocate this bank transaction whilst keeping the bank balance correct, therefore deleting the bank transaction is not an option.
Many thanks
Hi @susie
As the payment isn’t related to the business’ activity, I would be inclined to tag this as a transfer from the partners drawings account, and just make your accountant aware of this at year end.
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