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Split Bills

 
 
ExtraCubicle
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      05-13-2008, 07:58 PM
I don't understand how to divide a bill from personal and business. I operate
a business from my home so I split my utility bills, for example, between
personal and business expenses. When I enter in a new bill, I can split it
there and I use an expense (utility) account on one line, and then on the
next line I use Owner's Draw to show the portion that I pay for personally.
But when I go to Pay Bill's, all I can do is select one financial account and
check the total amount of the bill. Do I need to set up a fake bank account
that represents what I pay for personally? Even if I do how do I pay for one
bill with two financial accounts?
 
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DL
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      05-14-2008, 08:02 AM

If you get a utility bill for 100 & you split 40 bus, 60 pers.
Then if you enter 100 in your bus accounts then that is the amount that will
be shown as bus expenses, it doesnt matter where its paid from.
You enter only the amount that is the bus expense in the bus accounts & you
pay by cash, usually
The total utility bill is paid from your pers account.
If however you do not have a seperate bus checking account, but use your
personal account, create a virtual bank account & use this.
Pers expenditure should not be included in bus account, other than cash
drawings

"ExtraCubicle" <(E-Mail Removed)> wrote in message
news:(E-Mail Removed)...
>I don't understand how to divide a bill from personal and business. I
>operate
> a business from my home so I split my utility bills, for example, between
> personal and business expenses. When I enter in a new bill, I can split it
> there and I use an expense (utility) account on one line, and then on the
> next line I use Owner's Draw to show the portion that I pay for
> personally.
> But when I go to Pay Bill's, all I can do is select one financial account
> and
> check the total amount of the bill. Do I need to set up a fake bank
> account
> that represents what I pay for personally? Even if I do how do I pay for
> one
> bill with two financial accounts?



 
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Macy
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      05-14-2008, 02:40 PM
Extra, When you recorded the personal portion of the bill as draw, you
have recorded that you personally have taken that amount of money out
of the business. The money hasn't actually come out yet so paying 100%
out of your business checking account completes your draw.
Macy

On Tue, 13 May 2008 12:58:01 -0700, ExtraCubicle
<(E-Mail Removed)> wrote:

>I don't understand how to divide a bill from personal and business. I operate
>a business from my home so I split my utility bills, for example, between
>personal and business expenses. When I enter in a new bill, I can split it
>there and I use an expense (utility) account on one line, and then on the
>next line I use Owner's Draw to show the portion that I pay for personally.
>But when I go to Pay Bill's, all I can do is select one financial account and
>check the total amount of the bill. Do I need to set up a fake bank account
>that represents what I pay for personally? Even if I do how do I pay for one
>bill with two financial accounts?


 
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