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PostPosted: Wed Dec 27, 2017 1:36 pm 
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Joined: Sat Apr 25, 2009 11:47 pm
Posts: 14
Hello, I finally got myself a bank account but I need to account for 7 months of paying my business expenses with my personal account.

In this case, I have just been paying expenses, so should I just debit my expenses and credit Owner's Equity?

Your help is greatly appreciated.


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PostPosted: Fri Dec 29, 2017 10:41 am 
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Joined: Fri Dec 29, 2017 10:34 am
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Location: Utah
Are you needing to account for it because you are applying for a SBA loan? Not sure why you are doing it so not sure how helpful my advice will be without more context. :)


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PostPosted: Tue Jan 02, 2018 7:22 am 
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not applying for business loan just keeping track of my books for tax time


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PostPosted: Tue Jan 02, 2018 7:29 am 
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Joined: Sat Apr 25, 2009 11:47 pm
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LinwoodBarraclough wrote:
Are you needing to account for it because you are applying for a SBA loan? Not sure why you are doing it so not sure how helpful my advice will be without more context. :)

not applying for business loan just keeping track of my books for tax time


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