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daniel-ppcdan-ne
Returning Member

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?

 
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2 Replies
ColeenD3
Expert Alumni

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?

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

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?

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.

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