Personal
The individual side, kept genuinely separate from the business.
Someone running a business has a personal financial position too, and the two get mixed constantly. Mixing them is what makes a business unauditable and a personal return wrong.
This is separate by construction. Personal accounts, personal obligations, and the flows between you and the business recorded as what they are.
Where everything sits
How to work this page
One personal, one business, always. Everything downstream is easier and a commingled account is the most common finding in a small business examination.
Money you take is a distribution, not an expense. Money you put in is a contribution, not revenue. Both hit equity.
A loan from you to the business is a real liability with real terms. Documenting it matters for both tax positions.
Both positions visible together, held apart in the records.
On a phone
Every figure from the desktop appears here, stacked rather than reduced. Tables scroll inside themselves so the page never moves sideways, and figures keep their separators and their alignment at every width.
Questions people actually ask
Identify and reclassify the personal items. It is tedious once and it is what makes the books defensible.
It happens. Record it as a draw rather than as an expense, and the business gets no deduction for it.