Owner-paid expense
A business cost you paid from personal money. Booked as an expense with the owner’s contribution as the other side.
In Solo Superstars
On a quick expense choose "Paid by owner" instead of a bank account. The app credits Owner’s Investment rather than a bank account, so nothing needs reconciling.
Example
$200 of supplies on your personal card: debit 6220 Office Supplies & Software 200, credit 3100 Owner’s Investment 200.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- paid personally
- out of pocket
Related
- Owner contribution — Money or assets you put into the business as the owner. Not revenue; it raises your equity.
- 3100 Owner's Investment — Money or assets you put into the business as the owner. Not revenue; it raises your equity.
- Quick expense — A purchase you already paid for, entered in one screen. Books the expense straight against your bank account and skips accounts payable.