11-30-2008 03:27 PM
I am very new in using Simply accounting 2008 or any accounting program so bare with me.
This my scenario: I have paid a utility bill from my personal bank account. I have set up 2 accounts: 1- is for 25% of the amount(for tax purposes) and one for 75% (non deductable). I don't know if that is right but if it is.. What is the process in recording this?
It need to show the amount paid but also need to show as a owners contribution, right? I have been trying for the pass 4 hours with no luck. Can anyone help me with the correct process//
Thank you in advance