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Case 1: You take out a loan from business funds
ㅤTo reflect the need to take money from the business for personal needs in the service, we can use system categories, namely “Loan Issuance”
ㅤㅤ1. Create an expense using the “Expense” button on the top panel
ㅤㅤ2. Specify the account, the amount of funds, the category “Loan disbursement” and the borrower, which is you
ㅤIn the Accounts Receivable report, we see that the service has recorded the amount that we have to return to the businessUsing the Schedule button, we can adjust the amount with refund operations and track the remaining debt
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Case 2: Investing personal funds in business
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ㅤAs well as issuing a loan, we can also form the issuance of personal funds for business needs.
In this case, when entering a transaction, we use the system category Receiving a loan
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ㅤIn the report Creditor, we see that the service has recorded the amount that we have to take from the business
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Case 3. Different accounts – different projects
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ㅤIf business and personal accounts do not overlap, and you want to keep track of everything in one system, you can separate the areas thanks to projects (or tags)
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ㅤBy adding a Project or Tag (Personal and Business) to each transaction, you can distribute all expenses and income, and easily customize the desired display of Analytics in the future – separately for personal expenses, separately for business
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Case 4. One card for both personal and business transactions
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ㅤIn a situation where we use cards for both personal and business expenses, we can separate them with the help of categories
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ㅤFor personal expenses, you can create a category of the same name “Personal expenses”, and detail it with subcategories, for example: house, groceries, transportation, etc.
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