Owner used own funds((interact) to pay for expenses Sage 50 Canadian edition

owner used his own personal bank account to pay(interact) for some opening expenses on new business he has opened. A account that I will not be reconciling. He did this before a seperate bank account and visa were set up. This a partnership. How would I post such a thing. Just getting back into bookkeeping after decades of being away.


  • Your debit entry would have to be to the appropriate expense account and the credit entry would go to Partner's Loan in the Liability Section or to the Partner's Contributions in the Equity Section. I prefer to use the Liability Account as these expenses are likely to be reimbursed at some point in the future.