Hi all, I did do a search but couldn't find anything particularly relevant so I hope you can help! I recently set up as a sole trader, but before I set up a business bank account (yes I know I didn't need one but wanted one for neatness) I had already made a few purchases from my personal bank account and my credit card (of which these purchases are now paid off in full with my own money). Everything is now paid off, and I have received my first payment from a client into my business account so I will be transferring over these directs debits etc to that account. I have yet to take a payment from my business as I haven't yet earned enough money. How do I go about doing the accounting for this? Do I need to take back the money I paid for these things and mark that as something in particular? Then begin to take "salary" payments? I've never done any accounting before and any help would be appreciated!!