Bookkeeping basics
Handle owner pay & reimbursements
Record owner draws and reimbursements correctly so your pay and your books both stay right.
Paying yourself, or paying yourself back? There's a right way to record each.
- Owner pay (a draw) isn't an expense — it's you taking profit out of the business.
- A reimbursement is when you paid a business cost personally — that's a business expense, paid back to you.
Mixing these up is the most common bookkeeping slip — when in doubt, ask.
What happens next — your pay and your books both stay correct.