# Loaning money from business as sole trader

**URL:** <https://forum.manager.io/t/loaning-money-from-business-as-sole-trader/21447>\
**Category:** Uncategorized\
**Created:** [April 3, 2019, 8:48am UTC](https://forum.manager.io/t/loaning-money-from-business-as-sole-trader/21447 "2019-04-03T08:48:40Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Matiu](https://avatars.discourse-cdn.com/v4/letter/m/ee7513/32.png) [@Matiu](https://forum.manager.io/u/Matiu)\
**Post date:** [April 3, 2019, 8:48am UTC](https://forum.manager.io/t/loaning-money-from-business-as-sole-trader/21447/1 "2019-04-03T08:48:40Z")

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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

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**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\
**Post date:** [April 3, 2019, 12:51pm UTC](https://forum.manager.io/t/loaning-money-from-business-as-sole-trader/21447/2 "2019-04-03T12:51:58Z")

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Just enter a receipt for the money you pay back and allocate it to whichever equity account you took the “loan” from. So, for example, if you used the business bank card for a purchase, that payment might originally have been posted to _Owner’s equity_. Or, if you are using Capital Accounts, it could have been posted to your capital account as _Drawings_. The receipt for repayment should be posted to _Owner’s equity_ or your capital account as _Contributions_.

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**Author:** ![Matiu](https://avatars.discourse-cdn.com/v4/letter/m/ee7513/32.png) [@Matiu](https://forum.manager.io/u/Matiu)\
**Post date:** [April 4, 2019, 8:56am UTC](https://forum.manager.io/t/loaning-money-from-business-as-sole-trader/21447/3 "2019-04-04T08:56:47Z")

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Thanks Tut,

After wandering in the direction your pointed me in i eventually found the steps required to do it in the Manager software.

Really appreciate your help.

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**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\
**Post date:** [January 18, 2023, 3:02pm UTC](https://forum.manager.io/t/loaning-money-from-business-as-sole-trader/21447/4 "2023-01-18T15:02:01Z")

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