A business charge on your personal card. A personal expense that ran through the business account. This happens constantly in real founder and salon-owner life. Money Mastery handles it without pretending it does not — reclassify transactions, move them to the correct side, and keep both reports accurate.
In this walkthrough you are seeing how business and personal reclassification works: identifying a transaction that landed on the wrong side of the ledger, flagging it for reclassification, assigning it to the correct context with a memo, and watching both the business-side and personal-side dashboards update correctly. Notice how the system handles the follow-on accounting implication — specifically the owner draw scenario — without requiring you to make a manual journal entry.
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Accounting software built for large businesses assumes clean separation between business and personal from day one. Owner-operated businesses — salons, service businesses, solo founders — do not work that way. Money Mastery is designed for the reality where the lines blur, and gives you the tools to clean it up correctly.
Reclassify a transaction and both the business-side and personal-side reports update correctly — automatically. No manual journal entries, no spreadsheet corrections, no going back to fix downstream totals.
When a reclassification creates a follow-on accounting need — an owner draw that should be recognized on the personal side, for example — Clarity surfaces it as a suggestion rather than letting it disappear into a gap in your books.
Every reclassification is logged with the original value, the new value, the date of the change, and the memo you added. Your accountant can see exactly what was moved and why — which matters enormously at tax time.
No add-ons. No upgrades required. Every feature in the system — account upload, categorization, the dashboard, split transactions, business/personal separation, share-with-accountant, and Clarity AI — comes with your membership.
The most common scenario for solo founders and salon owners. Categorize it as a business expense, move it to the business side, and document the reason. The personal-side report is not inflated with a business cost.
Sometimes a personal charge slips through the business checking account. The reclassification tool lets you move it to personal and document it — keeping your business expense totals accurate and your personal side complete.
When you pay yourself from the business, it shows up as a business outflow and a personal inflow. Money Mastery has a dedicated owner draw label that handles both sides correctly so it is never accidentally treated as a business expense.
For purchases that served both business and personal purposes in a single charge — divide it rather than move it.
Reclassification happens inside the categorize workspace — this is where the work gets done.
Your accountant gets the reclassification log as part of the report package.
Get the free Starter Kit, explore the full system, or book a call with Donna to walk through your specific situation.