I am an Australian sole trader. I know that i can draw from my business account, however, I want to keep the money i earn for my business strictly for my business. It is only a low paying side gig but it pays for my phone, internet and allows me to purchase gear upfront and invoice the client later.
Sometimes however i do have to use it, Like when i lost my personal bank card. In these circumstances i want this to be a loan to myself and pay it back from my regular works earnings.
What is the proper process in Manager to issue a personal loan (so to speak). At present i do a Personal Drawing transaction but what is the opposite process to restore that loan to my business account so that it doesn’t confuse the books.
Thanks in advance for any help