If you pay for your business credit cards/account with business funds, then you'll want to mark those payments as Funds Transfers. 

Here's how:

  • Set up both your business checking AND your business credit card/account on LessAccounting. 
  • When we see money leaving your checking and a matching amount entering your card account, we'll highlight that as a Possible Transfer and list this under Troubleshooting on your Transactions page.
  • If we do not catch the transfer, then you can manually create it yourself by clicking the add a transfer button in the top right of the Transactions page. Just be sure to delete the original deposit and expense transactions from your Transactions list.
Other examples of business funds transfers include: Moving money from an operating account to a payroll account, transferring money from your PayPal account to your checking account, withdrawing cash from an ATM and adding it to your cash box.

 

What to do if you use personal funds to pay for credit cards, or business funds to pay for personal credit cards.