cancel
Showing results for 
Search instead for 
Did you mean: 

Reply to message

View discussion in a popup

Replying to:
KhimG
QuickBooks Team

Reply to message

Hello there, @MonicaG.

 

Thanks for getting back to us. Allow me to add to this discussion and provide some clarification about paying business credit card from a personal account.

 

I agree with @Rustler. You should use Owner Equity for the credit card credit if you're a Sole Proprietor or Partnership. If not, change it from Checking to the Loan account already set up to track payable to the personal account.

 

See our how to pay for business expenses with personal funds article for the details. This link is for QuickBooks Online. However, the information can be used in QuickBooks Desktop as well.

 

Here are articles with steps equivalent to the one provided on the QBO link above.
•    Record a journal entry.
•    Create checks.

 

Before performing the steps, I highly suggest consulting your accountant to ensure your books are correct.

 

That should do it. Let me know if you need anything else, I’ll be more than happy to help. Thanks for reaching out and take care!

View solution in original post

Need to get in touch?

Contact us