Hello
I have recently deposited money from my personal account to my business account to cover loan repayments and operating expenses. I am in the process of reconciling my accounts but am unsure of how to set up and then record these payments.
I want to record how much of my personal money is being deposited into the business with the hope of oneday having the business pay me back personally.
In MYOB how do I set up a personal loan account in order to reconcile my business bank account. I will be making monthly deposits.
Amanda