Keeping track of business expenses paid out of personal funds
September 19, 2007
If you’re like me, you don’t always have your business checkbook or
business credit card with you when you’re buying items for the business.
So you end up using your personal checking account or personal
credit cards to buy office supplies, postage, or other business
expenses.
Unfortunately, it’s easy to forget about these
business expenses when you’re calculating your profit/loss or preparing
your tax return, which can cost you money at tax time.
To keep track of business expenses paid from personal funds, I’ve
created a simple worksheet which I attach to a 9×13 envelope.






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