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Thread: Help with accounting / Ledger for Sole Proprietor

  1. #1

    Default Help with accounting / Ledger for Sole Proprietor

    I'm a small Small Proprietor. I have a business checking and savings account. I want to properly document my transactions- a savings account is dedicated to charitable donations; How do I make the xfer from checking to that account as well as withdrawals?

    Thank you,

  2. #2
    Mr. Tax Man
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    Quote Originally Posted by JME81 View Post
    I'm a small Small Proprietor. I have a business checking and savings account. I want to properly document my transactions- a savings account is dedicated to charitable donations; How do I make the xfer from checking to that account as well as withdrawals?

    Thank you,
    Each ledger indicates a transfer (out / in). Fairly straight forward in that regard.
    Small Business CPA
    "A tax loophole is something that benefits the other guy. If it benefits you, it's tax reform."

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