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Paying personal purchases on company credit card.
I’m the sole owner of an s-corp and have an owner’s equity account. This months cc bill has both personal and business purchases. I would like to pay off the credit card balance using $ from the company checking account.
For example : I owe $150 on the cc, $25 for personal purchases and $125 for business purchases. What is the best way of dealing with this in QB. Do I draw the $25 out of the owners equity account?
thx
Solved! Go to Solution.
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