Community

Private withdrawal

SB
2024-12-27

Question

Dear Sir/Madam,

How do I record my private withdrawals from my business account in the accounts?

Kind regards

Sara

Hi Sara,

In a sole proprietor, there is no difference between what belongs to you and what belongs to the business. This means you can transfer as much money as you want between your business and private accounts. This is also the only way to do it, as you cannot pay yourself a salary. Please note that these are not costs incurred by your sole proprietor.

Best wishes and good luck from Gitta! :-)

Ask a question
Ask your question to the Dexxter community with over 27.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

Process previous quarter’s refund in current return?

Income outside self-employed activity – wages

Which costs are deductible?

sales invoices how to print totals

Wix invoice shows a other vAT amount than Dexxter

Filling in Shopify sales Dexxter

Flat-rate professional expenses for main occupation vs. expenses as a self-employed person

How and where do you record barter deals?

Terms and Conditions

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter