Hey, I put money into my business from my personal funds to keep things operational. What does that get categorized as in the business software tool?
021336
2 Replies
ColeenD3
Expert Alumni
Mar 30, 2022 4:30:04 AM
If you have a sole proprietorship, you and your business are one and the same. You do not indicate this anywhere. If you have a more formal business setup, it is a Balance sheet entry, a liability, which you will pay back
daniel-ppcdan-ne
Returning Member
Mar 30, 2022 7:21:14 AM
Thanks for your reply. I have a C Corporation. I skipped over the balance sheet part in the software. I'll go back and submit it.