Jeff P.
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 Posted:
Sun Dec 12, 2004 9:33 pm Post subject:
Business capital investments & equity drawings |
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I own a small business decided that the business & personal version of Money
is insufficient for its needs. I will continue using Microsoft Money for all
of my personal finances but will use other software for the business.
Could anyone offer some advice as to the best way to track capital
investments and equity drawings, in which transfer personal funds into or
out of the business? I thought about just recording those as deposits and
withdraws assigned to categories for the capital investments and drawings
against the business, but I'm not sure this is the best way. I would like my
overall net worth to include the equity that I have in my business. Of
course I would have to make adjustments as the business earns and loses
money, but I'm not really sure where I should put this. Should I set this up
as an investment account?
Thanks,
Jeff
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