Hello,
I am new to quickbook, and I am trying to do the quickbooks for my partner small company.
We couldn't get a company credit card, so he has been paying almost all company expenses with his personal credit card.
Unfortunately I have fall behind and need to enter many transacitons from different months to riemburse him.
So I know there is a template to mass upload transacitons in bulk but not sure if the idea is correct.
FIrst - I needed to create a credit card type chart of account, setup and named Owed to Owner. Is this correct? Would this be under journal entry or Bill or Expense?
Could I then enter the expenses, choosing the Owed to Owner account for reimbursement?
If yes, coud i use a template to enter a single transaction per month with detailed lines per type of expense? e.g Cost of materials, office supplies, etc?
But if this is the case, how can I make sure to track also the vendors for each receipt? e.g Home Depot, Grand&Toy, etc? We need to track these too.
So with this in mind, can you help to find the most effective and best way to upload multiple transactions under different categories, and with different vendors, but all to be reimbursed to the owner?
Thanks very very muh in advance for any guidance you can provide.
May