What it answersPremium
Business
- Personal and business kept apart, with transfers between them paired.
- Owner pay and draws recognised.
- Invoices tracked to the deposit that paid them.
- Schedule C lines that add up to their rows, ready for your accountant — or a plain double-entry journal.
Business
The studio is up 11% on last year. Tess has paid herself 12,000 so far; one invoice is due Friday.
Okafor Studio LLC · this year
Schedule C, as it stands today
| Line 1 · Gross receipts | 48,260.00 |
| Line 18 · Office expense | 1,912.44 |
| Line 24b · Meals (50%) | 618.20 |
| Line 27a · Software | 2,404.00 |
| Line 31 · Net profit | 39,880.71 |
Drawn on an invented household — Rhys and Tess Okafor-Hale and Tess's Okafor Studio LLC. Every name and figure is made up.
Is this accounting software?
It keeps double-entry books and exports a journal your accountant can read. It is not a replacement for an accountant on a complicated business.