You and your company · Planned
Mixing is normal. Losing track of it is the risk.
Nearly every founder of a company of one pays a company bill with a personal card at some point, or moves company money to a personal account without deciding what it was. Selfirm will keep a running balance between you and each company, built from the same movements it already reads. This view is planned; the parts it rests on work today.
What will count as a balance between you and a company
Advances
You paid something for the company. The company owes you.
Reimbursements
The company pays you back. The balance goes down.
Loans
Money lent either way, with a note of what was agreed.
Salary
Pay from your own company: a transfer inside your world, and an expense in the company’s books.
Dividends and draws
Profit taken out, recorded as that and nothing else.
Capital put in
Money you put into the company as its owner.
One payment, seen three ways
You pay the company’s AI bill with your personal card.
| View | What it shows |
|---|---|
| Between you and the company | The company owes you this amount |
| The company’s books | An expense, and an amount payable to its owner |
| The product | A cost of running it |
All three come from the same line of the same card statement, so they cannot disagree.
Why it matters beyond tidiness
In many places the owner of a single-owner company is protected from the company’s debts only while the company’s property is kept separate from the owner’s own. Mixing that is recorded, with its nature and both sides, is evidence of separation. Mixing that is not recorded is the opposite.
This is a general description, not legal advice; the rules differ by country and by type of company.
What it rests on
Parties
Works todayYou and each company are separate owners, and every account belongs to one of them.
Income, expense or transfer
Works todayEach movement is classified against your whole world, suggested by Selfirm and confirmed by you.
Balances between parties
PlannedA running total per company, the list of mixed payments not yet dealt with, and an export for your accountant.
Per-company books
PlannedThe same facts as double-entry books for each company.
Bring your own records along
We are onboarding a small group of founders whose companies, accounts and obligations span countries. Tell us about your setup.