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QuickBooks Team

Re: My boss wants to be reimbursed

Thanks for joining this thread, Queenie634.

 

Let me help guide you on how to process reimbursement in QuickBooks Online (QBO). 

 

To record a business expense paid for by personal funds, you have an option to enter the reimbursement either as a check or as an expense. 

 

Here's how to reimbursement as a check:

  1. Select the Plus icon (+) on the Toolbar.
  2. Under Vendors, select Check.
  3. (Optional) In the Choose a payee field, enter the name of the partner/owner.
  4. Select the Bank Account you are reimbursing from (you can also use petty cash).
  5. In the Account column, select Partner's Equity or Owner's Equity.
  6. Enter the Amount of the reimbursement.
  7. Select Save and close.

To record the reimbursement as an expense, here's how:

  1. Select the Plus icon (+) on the Toolbar.
  2. Under Vendors, select Expense.
  3. (Optional) In the Choose a payee field, enter the name of the partner/owner.
  4. Select the Bank/Credit account you are reimbursing from (you can also use petty cash).
  5. In the Account column, select Partner's Equity or Owner's Equity.
  6. Enter the Amount of the reimbursement.
  7. Select Save and close.

For additional reference, you can check this article on how to pay for business expenses with personal funds

 

Just in case you need further assistance with the steps, you can contact our QuickBooks Online Support Team. They have additional tools to pull up your account and do a screen-share.

 

Here's how you can contact our customer support:

  1. Sign in to your QuickBooks Online company.
  2. Select Help (question mark icon) at the top right.
  3. Select Contact us to connect with a live support agent.

This will get you on the right track. Please know that I'm just a post away if you have additional questions about the reimbursement. Have a good one.