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If a transaction isn't related to this business, like a personal expense or an expense related to another business you own, mark it as personal and Margins leaves it out of your spend analysis and benchmarks.
Marking a transaction as a personal expense
You can mark a transaction as a personal expense from the same window you categorize in when clearing your list, or on any transaction later.
Click on the transactions category tag to open the transaction's category window.
Toggle on Mark as personal ①.
Under Paid on behalf ②, choose the holder the expense was paid for.
Click Apply once, or Apply always to treat everything from this payee as personal.
Note: Apply once and Apply always stay greyed out until you've chosen a holder.
Where does a personal transaction go?
Personal transactions are important for understanding the cash position and cash flow of your business, but they don't count toward your business spending or the profitability of your business operations.
While Margins isn't an accounting platform, we store this information for you and tell you how it would impact your financials.
You can watch that happen in the window itself:
In the To be categorized as section on the right, it's tagged Balance sheet, filed under Loan to a related party → Due to from owner. The spending leaves your business results (your P&L), and the amount is recorded against whoever benefited from it.
Tip: You can also mark part of a transaction as personal, and attribute portions to different people. See Splitting a transaction across categories.