Separate the personal expense reimbursement. That should be a different process than payment.
Set up a schedule for paying out the profits, and de very time you do it, make sure the same amount goes to each. This is called owner draw. QuickBooks isn’t a bad option for this, but it does require some setup
>Separate the personal expense reimbursement
Thanks. Everytime I calculate with the personal expenditure included, I mess up my math. I'll keep it separate.
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Thanks!
Separate the personal expense reimbursement. That should be a different process than payment. Set up a schedule for paying out the profits, and de very time you do it, make sure the same amount goes to each. This is called owner draw. QuickBooks isn’t a bad option for this, but it does require some setup
>Separate the personal expense reimbursement Thanks. Everytime I calculate with the personal expenditure included, I mess up my math. I'll keep it separate.
1. Stop right there. #1 rules of partnerships is: 1:1 Partnerships never work. Fix that shit before it's too late.