Sole trader using two bank accounts – Free Online Small Business Accounting Software Questions & Answers
I am a sole trader and have a business current account. Sometimes I make purchases with money from my personal current account. As a sole trader I know it is all the same money so it doesn’t matter, but here is my query for Bullet: when adding a new Bill or Money Out I have to specify which bank account it was paid from. At the end of the month I import a CSV and do my bank reconciliation but I have only done this so far for the business bank account. How can I do a bank rec for my personal bank account if there are items on the statement that do not relate to the business? Or is it necessary to do a bank rec for those items at all?