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Bills paid by Owner

New Member
Posts: 1
Country: Canada

Bills paid by Owner

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

Jerry

Moderator
Posts: 4,395
Country: USA

Re: Bills paid by Owner

You've posted in the wrong community.

 

http://www.simplyaccounting.com/community/