Cash withdrawals and cash investments

If you use your car both for private driving and for business purposes, see instructions.

If you take goods from the company for your own private use, record their value as business income (private use entered as income) in the company’s accounting. You can use the original purchase price of the goods as their value. If the probable selling price of the goods is lower than the original purchase price, you can also use the selling price here.

Example: In 2025, Antti purchased 6 pieces of the same sports equipment for his company. The equipment was intended for sale, and the total price Antti paid was €3,000. This means that the original purchase price for one piece of equipment was €500. Antti takes two pieces of equipment for his own use. He must therefore record €1,000 as business income (2 x €500). 

Private withdrawals: if you withdraw money from the company for your own use

You cannot pay wages to yourself, to your spouse or to your children who are less than 14 years old. If you withdraw money from the company’s bank account, it is considered a private withdrawal. Do not enter it in the accounts as a business expense.

If your spouse works for the business operation, the business income is divided between the two of you in tax assessment.