Help with xero please

[Petrolhead67]

Hi I am a sole trader non vat

I have xero

I dont understand all the accounting terms and words .

If I receive money that is not work related sell some bike part or what ever , do I then log that in to an Equity box ( say 966 )

When say a direct debt from one bank account goes in to another bank account , again not work related , does that again go in to an Equity box for filing


Thank you for any help I hope question is clear

[Nicetobenice]

If it's not work related, why are you trying to account for it?

[Petrolhead67]

My main credit card and bank account
Are also the same bank accounts that people have paid me for say selling bits or booking holidays or even this bank account is where I then transfer money from to another account to pay for mortgage etc

[Nicetobenice]

I may be misunderstanding what you are asking but from what you have said you don't need to account for that as its just your personal day to day spending

If you are just trying to balance your account maybe put all personal expenditure down as "miscellaneous personal"

You will find it easy easier to have a separate account for business expenditure.