While it is not advisable to mix personal and business funds, you may encounter situations that will require you to do so.
To record a business expense paid for by personal funds, you have to first record the expense, and then you must record the partner or owner's reimbursement for that expenditure.
You can record the reimbursement either as a cheque or as an expense.
To record a business expense that was paid for by a partner or owner's personal funds:
Select the Plus icon (+) on the Toolbar.
Under Other, select Journal Entry.
Select Save and close.
To reimburse the owner by cheque:
Under Suppliers, select Cheque.
Select Save and close or Save and new.
Under Suppliers, select Expense.
Now you know how to reimburse partners and owners for an expense paid for with personal funds.
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