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Status Answered
Created by AgExpert Support
Created on Feb 10, 2018

Disqus Agexpert Accounting Questions Archive

I have made Farm expense purchases with my personal account that is not in Ag Expert.
How do I record the transactions without affecting the Farm bank account balance.

  • ADMIN RESPONSE
    Feb 10, 2025

    You enter those items by recording a zero dollar withdrawal from your bank account. From there it's a bit different depending on whether you are a Corporation or a Sole Proprietor/Partnership. If Corporate then the Expense is offset by an L+ line to the Shareholder Loans account, otherwise the Expense is offset against a Personal Advance account.
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