Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Good afternoon,
We started our secondary occupation on 01/01/2022, so I am in the process of filling in everything retroactively.However, I am encountering a problem: our expenses are now considerably higher than our income, but we have invested €500 of our own start-up capital to be able to do our first purchases, of course.
How should I enter this? Or should I not enter it and can we see when we have made up the difference in this way…
Thanks in advance.
Kind regards,
Ghislaine
Hi,
I took this piece of text from other question that had already been posted in the community. Maybe it can help you :)
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Actually, it doesn't really matter because you are working as a sole proprietor; it's still your money.
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Regardless of which bank account the money is in, your private account or your sole proprietor's bank account, it makes no difference. So it doesn't matter if you've transferred some money from your private account to your business account as start-up capital; it's actually the same as transferring money from your private account to any other private account. It's all one and the same pot.So feel free to transfer money from your personal account to your business account. Psychologically, you can view this as a loan of personal money to your business, but fiscally/accounting/financial, it makes no difference at all. Once you have a surplus in your professional bank account, you will probably repay the 'loan' to your private bank account in instalments, but this also has no tax/accounting/financial consequences. Precisely because you have simply lent money to yourself, the fact that it is a professional bank account makes no difference.So feel free to transfer that start-up capital of 500 euros from your financial account, but it doesn't really make any difference. Dexxter is also "single-entry" accounting, and as far as I know, I think it will stay that way. This means that you don't know how much private money (or the private part of an expense) is actually in your sole proprietor. That's more like double-entry accounting.So Dexxter is single-entry bookkeeping, but that has its advantages too, of course :) It makes it so simple, at least in my opinion :)
Thank you, very useful!
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
